Nakheel offers over 6500 residential units in International City for leasing

Annual rent starts at AED 31,000 in bid to supply housing to medium income bracket

Nakheel has announced that it is offering some of its International City units for lease. The project, which started construction in 2003, has been handing over buildings to owners since October 2006, with residents moving into allocated units.

The management of International City is offering 115 buildings with over 6500 units for leasing in phases. The first phase will comprise of more then 600 residential units for immediate leasing. The annual rent will start at AED 31,000. Nakheel’s Call Centre is currently accepting lease bookings at +971 4 390 3333.
Hi Guys,
Where have all these units come from? It's definitely going to drag the rents lower. It doesn't seem very fair to the average investor to unload such vast numbers at such a cheap rate.
Any thoughts?