Dubai Rents Down as Much as 45%

Dubai rents down 17% in last five months, villas down 45%
Business Intelligence Middle East (press release) - United Arab Emirates

UAE. The flood of rent increases Dubai has seen in the last several years is receding, a survey reported by the Xpress newspaper shows.

A comparison of advertisements in early January 2009 against those published in August 2008 reveals an average of a 17% rental drop in eight districts across the Emirate: ...