First rental index update of 2015: Dubai housing rents up 6-25%

Rents across some of Dubai?s master communities have risen by 6 to 25 per cent in the first rent index update of 2015 compared to the final rent index of 2014.

Lease rates for apartments in International City, Dubai Silicon Oasis and Discovery Gardens have jumped by 9 to 18 per cent as per the first 2015 rent index compared to the last update of 2014.

The highest increase has been recorded in Remraam, where two-bed units have seen a rise of 13.13 per cent to 25 per cent.The rent index is updated by the Real Estate Regulatory Agency Rera, the regulatory arm of Dubai Land Department, every four months.