Dubai rents could drop 50%, says official United Arab Emirates: Thursday, February 26 - 2009 at 11:45 Marwan Bin Galita, head of Dubai's Real Estate Regulatory Authority (Rera), said residential rents in Dubai could fall up to 50% by the end of this year in certain neighbourhoods. 'The rents have already begun to come down,' Bin Galita was quoted as saying by Gulf News. 'Depending on the locations, this could range from 10, 20 to up to 50% by the end of the year.' and
Rera to update rental index in April United Arab Emirates: Thursday, February 26 - 2009 at 08:06 Dubai's Real Estate Regulatory Authority plans to issue an updated rental index at the beginning of April, reported Gulf News. Marwan Bin Galita, chief executive of Rera, said the revised rental index will be completed once all the new tenancy contracts have been signed for the current year and registered on Rera's website. The first rental index was released at the end of last year and caused controversy as it was based on last year's rents, thus not taking into account the financial crisis and the subsequent drop in rents. -- Hany.Anbarestani SALES CONSULTANT MOBILE : + 971 50 88 66 030 FAX: 04 26 58 582 P.O.BOX: 90366, DUBAI, UAE Email : hany.realtys...@gmail.com VICTORIYA REAL STATE BROKER --~--~---------~--~----~------------~-------~--~----~ Fantastic real estate opportunities, all in one group: "Dubai Business Bay Properties" Share it with your friends and colleagues. ------------------------------------------------------------------------------ To post to this group, send email to businessbay-properties@googlegroups.com You received this message because you are subscribed to the Google Groups "Business Bay Properties" group. To unsubscribe from this group, send email to businessbay-properties-unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/businessbay-properties?hl=en -~----------~----~----~----~------~----~------~--~---
