Dubai Grows As Falling Rents Attracts Migrants

Online, July 26, 2010 (Newswire.com) - July 26, 2010 - UAE, The population of Dubai rose 7.5 per cent in the first quarter of the year as lower rents and living costs drew migrants across the globe as well as from neighbouring emirates to the city. Dubai has always been popular as a best tourist's destination but day by day it is growing on the business fronts as well. Hence, the decrease of rentals in Dubai has attracted many migrants which ultimately help Dubai to grow.

Analysts believe lower rents and the availability of accommodation have fuelled the growth. Hence those commuting to the emirate for work rose up to 2.87 million. According to the reports, the Dubai property price may fall further which will make the availability of rentals in Dubai in cheaper rates. Moreover, cheaper rents of luxurious apartments and villas will help people to upgrade their lifestyle. Not only residential but it has also been observed that many migrants have started up their own business by renting commercial property in Dubai. Thus increase in inflow of business migrants from all over the world and neighbouring emirates has helped to boost Dubai's economic sector. When it comes to boosting Dubai's economy, tourism is no behind. Cheaper rents have allowed tourists to book private apartments and villas over hotels. Tourists prefer Dubai apartments for rent to spend their vacations in private and peaceful manner. Not only apartments but now they can live like king by renting lavish villas in cheaper rates.

Move in Dubai which is known as a dedicated rental specialists deals in all kind of rental properties in Dubai. They are in to real estate business from past 15 years and have a detailed knowledge of rental property markets in Dubai. Moreover they offer their clients with a property portfolio which guides them to select the property as per their choice and convenience.

You can just login to www.moveindubai.com which has a large selection of Dubai rental properties across the various popular areas.

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