RELO NEWS
Landbay, the property peer-to-peer lending platform, has launched a rent comparison tool that allows tenants and landlords to check how much they are paying and charging against other properties in their region.
The online application, called Rent Check, was created in collaboration with Zoopla Property Group and allows users to compare their rates against others in the same area.
The property market in Dubai remained favourable to tenants and buyers in July, with rents continuing to fall and prices in some locations still showing a down-trend.
The cost of renting flats across various communities registered an overall decline of 2 per cent last month compared to the same period in 2015, according to a real estate portal with thousands of property listings.
The average annual rent for studio apartments in Dubai stood at Dh57,000, down by 6 per cent from a year ago, but stable when compared to the average rent in the first six months of 2016.
