Photographer: Chris Ratcliffe/Bloomberg

Dubai Rents Plunge Most Since 2014 as Oil Rout Hits Jobs

  • Rents, prices to drop further in summer, Phidar Advisory says
  • Dubai economy, confidence improving, Emirates NBD tracker show

Residential rents in Dubai, where the majority of the population is foreign, declined the most on a monthly basis since the property peak of two years ago, according to Phidar Advisory.

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