Dubai landlords fight to keep hold of tenants but savvy buyers snap up bargains | The National:
"Leasing activity in Dubai’s residential market tailed off towards the end of the first quarter as landlords proved more willing to negotiate on rents to keep existing tenants in place, according to a report from Asteco Property Consultants.
Although apartment rent declines were “limited" over the quarter, with affordable areas remaining flat and mid-market communities reporting declines of just 2 per cent, certain submarkets performed considerably worse than others.
At Jumeirah Lakes Towers, for instance, rents declined by 6 per cent quarter-on-quarter and 12 per cent year-on-year by the end of March."
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