Villa rental rates in Dubai remained stable in the first quarter of this year compared to the previous quarter, Asteco said in a new report on Monday.

The property services company also said apartment rental rates recorded a five percent decrease, largely due to the increased supply in the market, although some areas such as Downtown Dubai witnessed increases of two percent.

However office rents continue to decrease and have seen an average drop of seven percent due to subdued demand and increased supply, added Asteco’s report.