When the Dubai property boom was halted in its tracks late last summer, the sprawling tower blocks in Dubai Marina became the target of people looking to take advantage of the substantial drop in rents.
But while rents in the rest of the city continue to fall, the Marina has shown signs of recovery, triggered by its popularity among those looking to upgrade where they live.
Rents in the Marina area, on the outskirts of new Dubai on the road to Abu Dhabi, rose as much as 11 per cent over the past five months, while leasing rates in the rest of the city plummeted by up to a third, according to a study by the property consultancy Landmark Advisory.
http://www.alineah.com/news/446/detail.htm
0 comments:
Post a Comment