Prime rents in Dubai rose by almost 14 percent last year, making the emirate the second best performing market in the world, according to Knight Frank.
Only Nairobi, Kenya saw rental values increase by more than Dubai during 2013 with a growth of nearly 26 percent, Arabian Business reported.
The Knight Frank Prime Global Rental Index for the fourth quarter of 2013, which was published on Monday, showed that rents rose on average by 4.8 percent worldwide in the 12-month period.
In Dubai, rents increased by 13.6 percent compared to Q4 2012 and rose by 5.6 percent between June and December last year, and by four percent in the three months to end-December.
Only Nairobi, Kenya saw rental values increase by more than Dubai during 2013 with a growth of nearly 26 percent, Arabian Business reported.
The Knight Frank Prime Global Rental Index for the fourth quarter of 2013, which was published on Monday, showed that rents rose on average by 4.8 percent worldwide in the 12-month period.
In Dubai, rents increased by 13.6 percent compared to Q4 2012 and rose by 5.6 percent between June and December last year, and by four percent in the three months to end-December.
Source:
Mubasher
