Downward pressure continued on the Dubai property market during the second quarter, according to property broker Asteco.
Villa rental rates declined marginally in the second quarter across all communities except Mirdif and Al Barsha where prices remained stable. Palm Jumeirah and Springs posted the greatest decline at 4% with the highest y-on-y drop occurring in Springs (16%), Jumeirah (14%), Arabian Ranches (13%), Palm Jumeirah (13%), Al Barsha (12%), Mirdif (11%) and Umm Suqeim (10%).
Click here to see Dubai apartment rental data during Q2, 2017.