Russian influx drives up rental prices in Dubai
Average rents in the Emirate rose by more than a third last year as soaring demand outstripped supply. …
Waquar and his family were staying in a one-bedroom apartment in South Dubai paying $9,500 (£7,750) annually. When his lease was about to expire last month, the owner wanted to raise the rent by about $3,000. He initially searched for a new apartment in the same locality, but rents had gone up by more than 40%.
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