Official: Dubai rents should go down

Abdullah AbdulRahim, Director of Dubai Municipality's Planning and Survey Department, was quoted as saying by Khaleej Times on Wednesday that "It is ideal that rents in Dubai should not cost more than 25 per cent of a resident's income, though presently it stands at 40 per cent or higher."

In its report last year, the Planning and Survey Department had warned that players in the real estate sector in the emirate were investing in luxury apartments and villas while shying away from housing for low-income group.