'Dubai rental correction will need to go on' | GulfNews.com:
"There has been a slight correction in the (Dubai) rental market. Average rentals have witnessed a fall of approximately 3-4 per cent in the first-half of the year, a trend attributed to general weakness in the market, which is affecting the sales segment as well.
Many anticipate it as a short-term phenomenon rather than a long-term market adjustment.
This is particularly true for the landlords/property owners who are not releasing their properties in the market at current rentals as they consider it to be “too low’ and they do not want to be locked in lower rentals for three to four years."
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