The Rental Index which presents the average rental rates in Dubai communities and also dictates the annual increase for renewable tenancy contracts is up dated 3 times per annum. The latest update was on 1st September 2014.
The Index shows declines in rental amounts for various areas or unit types while other categories remain the same. Downtown Dubai has been affected across all apartment types and sizes with average reduction of 8%.
Studio apartments in more affordable locations such as International City, Discovery Gardens, Remraan have witnessed reductions in excess of 10%.
Majority of one bedroom unit types in popular areas such as Dubai Marina, Jumeirah Lake Towers and Business Bay remain the same as previous quarter.
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