Dubai rents go up further by 3 to 4% reports Gulf News

Renewed confidence in the economy and the real estate sector is pushing rents up further in some areas in Dubai during the first quarter of the year.

A report released by Asteco yesterday revealed that rents for apartments and villas in Dubai increased by 3 per cent and 4 per cent respectively during the period January to March this year when compared to the last quarter of 2012. Over the past 12 months, average rent increases stood at 19 per cent for apartments and 21 per cent for villas.

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