Dubai Rents Could Drop 50%, Says OfficialThursday, February 26, 2009
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. Source: AME Info
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