Rental growth recorded for dubai property

Rents for residential property in Dubai climbed by one per cent in the first quarter of 2012, in comparison to the final three months of 2011.

A new report published by Asteco Property Management noted the value of villas for sale rose by four per cent in the same timeframe.

Elaine Jones, chief executive officer of the firm, commented:

"We are seeing further signs that confidence is returning to Dubai as the residential market continues to recover. Rents in some areas have risen as quality developments slowly reach full occupancy."

Source: PropertyShowrooms.com