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FINANCIAL NEWS
Dubai rents increase over 3% in H1
14 Oct 2012
(MENAFN) A recent report showed that rent costs in some areas of Dubai witnessed more than three percent increase during the first six months of 2012, Arabian Business reported.
According to the latest edition of the Knight Frank Prime Global Rental Index, rental values in the Gulf emirate rose by 3.3 percent in the January-June period compared to a year earlier.
A gauge also recorded a two percent increase during the second quarter, placing Dubai ninth in the index of 16 countries covered.
The emirate outperformed the likes of Singapore, Geneva, London and Hong Kong, Knight Frank said.
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