How Dubai property rental rates have changed over the past decade
Dubai residents who have stayed for the long haul during the past decade or more will have experienced both extremes of the rental market cycle.
Like any market, Dubai’s property sector has had its ups and downs amid global economic fluctuations since 2008.
As a result, long-term tenants may have found they were paying almost half the annual rent at some point in time compared with the earlier years.
Rental rates in 2008 were much higher than today with a rapidly expanding workforce and economy. But the global financial crisis sent rents tumbling in 2009, and they remained subdued until 2012 as some recovery emerged.