KT special: Abu Dhabi, Dubai rents are falling in these areas

KT special: Abu Dhabi, Dubai rents are falling in these areas

In the face of challenges the pandemic has brought, a certain market trend has emerged as a silver lining: Housing rents are falling in the UAE. And realty experts believe this will continue towards the end of the year and run into 2021.

If residents haven't felt the change yet, experts said that's because the full impact of the pandemic has just started sinking in.

In Dubai, according to the data available, the average apartment rents fell by about four per cent quarter-on-quarter and over nine per cent year-on-year, across all areas.

Motor City, Sports City and Dubailand saw the sharpest quarterly dip in average rents. On the other hand, apartment rents in International City, Jumeirah Lake Towers and DIFC held