Dubai housing rents rising faster than wages, CBRE report says - The National:
"The increase in housing rents in Dubai is accelerating, rising 7.5 per cent between April and June alone.
According to a report published today by property broker CBRE, average housing rents in the city increased by more than 30 per cent over the past year and nearly 14 per cent over the first six months of the year.
The increase last quarter, CBRE says, was driven by a rapid increase in rents in secondary locations like Dubai Sports City and Jumeirah Village as tenants priced out of Dubai's most expensive locations look to relocate in more affordable accommodation."
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