Rents in Dubai continued to decline in August by as much as 30 percent but there were signs of stabilisation in some areas, Landmark Advisory said on Monday.

The real estate consultancy firm said the cost of leasing apartments in Discovery Gardens, International City, Palm Jumeirah, JLT and JBR fell by between 10-30% since March.

Worst hit were 2-bed apartments on Palm Jumeirah, followed by 2-beds in International City which have fallen 23%.