Rents for 1 bedroom apartments in Discovery Gardens soared, reports Bayut.com

July 8, 2013 - PRLog -- Dubai property market is in an upswing after being smashed by the recessional dint of 2008. Bayut.com http://www.bayut.com/, one of the top-notch Dubai property portals, notes an increased footfall of the investors in the Dubai real estate sector, which is a positive sign of resurgence of investors’ interest.

The property experts at Bayut.com observe fluctuations in the sale and rental prices in different localities of the UAE. The experts noted that the average rental price of 1 bedroom apartments in Discovery Gardens has been witnessing an uptrend since last two years. The reason for this uptrend may be the overall resurgence of the Dubai property sector and the positive air in the sector is likely to have catalysed the rental hikes in Discovery Gardens.

Bayut noted that the average rental price of 1-bedroom apartments for rent in Discovery Gardens was estimated to be AED 43,417 in June 2011, which hiked to AED 45,444 in June 2012, recording an increase of 4.66% in the average rental figures. It was noted that the prices further increased by the end of the preceding year and the average rental price of 1 bedroom apartments in Discovery Gardens was assessed to be AED 49,999 in November 2012.

The property experts further noted that the rental prices showed a flourishing trend even in Q1 2013 and the average rental price figure was noted to be 51,514 in January 2013, recording a hike of 3.03% compared to the average rental figure in November 2012.

All the data recorded by Bayut.com provides evidence that the average rental prices of 1 bedroom apartments in Discovery Gardens for articulated a favourable trend. Considering the uptrend in the overall property market of Dubai and the return of investors’ interest, Bayut experts expect that the rental prices in Discovery Gardens are likely to flourish further in the impending time.

For more information please visit: http://www.bayut.com