Cómo Dubái está adoptando las criptodivisas euronews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euronews.com Daily Mail and Mail on Sunday newspapers.
How Dubai rental rates have evolved in the past decade
How Dubai rental rates have evolved in the past decade
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. However, the global financial crisis sent rents tumbling in 2009, and they remained subdued until 2012 as recovery emerged.
In Dubai Marina, for example, the average cost of a one-bedroom apartment in 2008 was Dh130,000, before falling to Dh63,000 in 2011. Rents in the area climbed in later years to as high as Dh113,000, and by the end of 2019 and 2020 were back down at an average of Dh58,000.
Cómo Dubái está adoptando las criptodivisas euronews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euronews.com Daily Mail and Mail on Sunday newspapers.
Another photo which appears to show Dubai Princess Latifa has emerged on social media, this time with the royal snapped smiling alongside a clairvoyant.
The latest photograph, the third in as many days, has added to growing intrigue over whether the princess has been released from house arrest by her billionaire father, the all-powerful ruler of Dubai.
Princess Latifa, 35, has not been seen in public since a failed attempt to flee Dubai in March 2018.
A third image which appears to show Princess Latifa has been shared on Instagram, further heightening intrigue over the Dubai royal s whereabouts and well-being.(Supplied)
READ MORE: