6-month lag between property prices dropping and rents falling Leasehold areas in Dubai are far cheaper to rent apartments and villas, than freehold communities. This is because the former caters to the affordable market segment and the latter to the affluent, according to a new property report. “A rental comparison between the two areas shows that on an average, apartments are cheaper by 49 per cent and villas 31 per cent in leasehold areas (compared to freehold),” Unitas Consultancy said, in its latest report, ‘Renter’s Ball: The Dynamics of the Tenancy Market in Dubai’. However, the report said villas experienced higher rental growth rates (20 per cent) when compared to apartments in the last five years; but rates had declined in the last one year. “As the market adapted to cater to the pent-up demand, a flurry of new villa projects were launched by private and government sector developers. “In the last year, the dynamics of the villa market have changed with both re
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