A flood of tenants into the Dubai rental market has seen prices stabilise in the Marina and even increase in the Springs, Landmark Advisory’s updated index has said.

After precipitous rental declines in the final quarter of 2008 and the first quarter of 2009 - driven by the collapse of Dubai’s property market - the new guidelines show that a two bedroom villa in the Springs, a popular residential area in Dubai, rose by AED5,000 to AED95,000 a year.