User talk:KhalidHammad

DUBAI: Rents in Dubai have risen by around 10.4 per cent due to increased demand by tenants shifting homes in search of better rentals.

According to real estate information company REIDIN.com, villa and apartment rents rose by 11.7 per cent and 8.6 per cent last year.

“ There is higher demand coming from people who wish to buy properties in Green Community rather than renting

” On another note, on the basis of calculations, the market of Dubai is 20% oversupplied in the present scene. 67 thousand vacant units are the aftermath of this excess supply and a further addition is expected upto 20 thousand units in 2012 – causing around 6% increase in the stock.