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Home » Construction & Real Estate, Featured

63% think Dubai rental Index by RERA ‘unhelpful’

Saturday, 9 May 2009 No Comment

Almost two thirds of those responding to an online poll have warned that official rental indexes could prevent tenants from being able to secure the cheapest deals.

The poll was carried out by Arabian Business on the back of a new rental index for Dubai – drawn up by the Real Estate Regulatory Authority (RERA) and published at the end of April.

The index indicates that rents have plummeted by up to 50 percent in some areas, compared with a similar index issued in January.

However, of those responding to the poll 63 percent thought they were actually more unhelpful than helpful, as they curtailed a completely free market, and prevented individuals from negotiating even better rents.
Source: Arabian Business

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