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.