The attack was planned by the group, who armed themselves with weapons and used a level of violence that can only suggest they intended to kill him
Residential property rents in Dubai have fallen once again, even as some areas are seeing recovery.
The latest data for the first quarter of 2021 showed International City and Deira are the most economical for tenants looking to rent an apartment.
Listen to this story and more on the 8@8 with David Light podcast
Data from real estate consultancy Asteco showed rents start from as low as Dh14,000 per year for a studio unit in International City in Q1 2021, and go as high as Dh100,000 per year for a three-bedroom apartment in Jumeirah Village.
Significant fluctuations were recorded across different developments and/or buildings ranging from single-digit declines to double-digit increases. Villa developments – mature and emerging – in particular recorded a surge in demand and consequently a rise in rental and occupancy rates as a result of changing working and living habits.
Rental rate growth in Dubai, according to Asteco, in the first quarter of 2021 was a "mixed bag" with positive and negative changes recorded. Average apartment and villa rents grew by one per cent and four per cent, respectively, in the first quarter.
Dubai has seen massive oversupply of residential units over the years with 24,850 units completed in 2020 and another 30,000 apartments are expected to be handed over this year. Around 1,925 units were completed in the first quarter.
Most affordable areas to rent an apartment in Dubai (annual rent)
Studio:
> Dh14,000 in International City
> Dh15,000 in Deira
> Dh17,500 in Dubai Sports City
> Dh17,500 in Discovery Gardens
> Dh20,000 in Jumeirah Village
1-bedroom:
> Dh20,000 in International City
> Dh25,000 in Deira
> Dh25,000 in Dubai Sports City
> Dh27,500 in Discovery Gardens
> Dh27,500 in Jumeirah Village
2-bedroom:
> Dh35,000 in Deira
> Dh35,000 in International City
> Dh37,500 in Dubai Sports City
> Dh40,000 in Jumeirah Village
> Dh50,000 in Discovery Gardens
3-bedroom
> Dh50,000 in International City
> Dh55,000 in Deira
> Dh60,000 in Dubai Sports City
> Dh65,000 in Jumeirah Village
Source: Asteco
waheedabbas@khaleejtimes.com
The attack was planned by the group, who armed themselves with weapons and used a level of violence that can only suggest they intended to kill him
Fallen crypto hero offers apology to his former FTX colleagues
Sector’s GDP contribution is expected to have nearly doubled this year from 2021 to 36.1%
Rice is grown on 416,000 hectares across Europe and total production amounts to 2.8 million tonnes per year
Investigators say the attackers had received significant amounts of cash and cryptocurrency from Ukraine
Complete breakdown of the positions, along with instructions for job seekers on where to submit their CVs
The company aims to capitalise on technology by connecting its cars with its phones and home appliances
After a five-decade-long career, Juergen Hasenkopf, 73, says he can continue to travel around the world for 10 more years