Dubai Rental Properties

A KT Reader Inquires About The Feasibility Of Securing A Lower Rent By Referencing Rates In The Same Building. Question: Having recently signed a lease for a 2-bedroom apartment in Dubai, I've noticed a decline in rents within my building, with others renewing their contracts at significantly reduced annual rates. Can I renegotiate for lower rents in this context? Answer: In response to your...

Affordable Apartments in High-Demand Areas Experience Up to 17% Rent Hike Dubai tenant Salim Ahmed recently received a notice of rent increase from his landlord, pushing his annual rent beyond his budget. However, Ahmed has made the decision to stay in his current residence. “My landlord has raised the rent by approximately Dh5000. Initially, I considered moving to a different apartment in the...

To Oversee The Rental Market, The Dubai Authorities Have Implemented Legislation To Ensure The Protection Of Rights For Individuals, Investors, And Real Estate Firms. Since more than two years ago, rents in Dubai have been rising as the population of the emirate has risen to 3.616 million. To ensure the regulation of Dubai's rental market, the Dubai government has introduced a set of laws designed to...

Despite Villa Prices Soaring 146% Since January 2020, Demand for Palm Properties Remains Strong Dubai's rental market may be stabilizing, but property sales values are soaring. Over the past 12 months, the average value of residential transactions has surged by 17%. In addition, the trend continued with a nearly 5% gain in the April-June period alone, as reported by Knight Frank. For luxury home...

The Rental Price Increase For Landlords Is Constrained By Factors Such As The Property Type And Size, The Location, And The Current Market Value. Amidst the confusion surrounding tenants' rights, the UAE's commercial property sector witnessed its highest demand for occupancy in the second quarter since 2014. As the Dubai property market makes a robust recovery from the pandemic. Certain landlords have...

Mortgage Rates Unveil New Possibilities: Off-Plan or Ready Home Purchase for Dubai Residents. With the era of mortgage rate increases potentially ending, more tenants in Dubai are contemplating the transition from renting to owning their own homes. The prevailing factor driving this shift is the ongoing surge in rental costs, which shows no signs of slowing down. As tenants face the prospect of...

Although Interest Rates Have Been Rising Over The Previous Few Quarters, The Increase In Rental Activity Has Been Far More Dramatic. An upward trend is observed among Dubai residents, as an increasing number of individuals are opting for bank mortgages to purchase properties. Escalating rental prices, surpassing monthly mortgage repayments in some instances, serve as the primary catalyst for this...

While Selecting An Agent, Strongly Advised That Investors Select An Area Specialist. A real estate agent's best function is advising and helping buyers and seller's market. Buy property for the right price, under the best conditions. A skilled agent should be able to assess the needs of the client. Take into account their financial status, and suggest solutions that are appropriate. The agent evaluates...

These Are The Factors You Should Take Into Account When Choosing An Apartment To Rent In Dubai. Although Dubai is a city of alternatives and possibilities, it is not always simple to find what you are searching for. A house is more than simply a location you return to after work. it is also, where you will spend the next several years creating the majority of your memories. Although it is a monumental...

Five Best Recommendations on How Tenants in the Emirate Can Save Big In The Event Of a Rental Increase With rent increases in Dubai reaching historic highs in 2022, tenants are receiving notices of increases ranging from 15% to 20% this year. According to Sarah Hewerdine, head of marketing at agency-owned real estate website Houza, accepting rent hikes can be a "difficult period" for tenants. They...

With The New System, Tenants And Landlords Can Specify The Rent Payment Plan When Creating Or Renewing A Contract. Ejari, a mechanism for renting out real estate in Dubai, is now "completely linked" with a direct debit system (DDS). The UAE Central Bank's DDS does away with the requirement that tenants submit post-dated rental cheques, as the Khaleej Times reported in July of last year, according to...

Are you an expat looking for a place to rest your weary head? Or perhaps you're a property buyer thinking of investing in Dubai real estate. Whatever the reason may be, if you are searching for vacation home rentals in Dubai, and then look no further. Here we will introduce you to some amazing accommodation options that will take your breath away and make any holiday feel truly special. From luxurious...

Following The Pandemic, Recovery Started As Numerous Foreign Workers Returned Along With The Improvement In The Job Market And An Influx Of Hnwis. Rents in Dubai will continue to rise in 2023, especially in the most sought-after areas where demand is outpacing supply. While rental growth in more affordable areas is anticipated to be moderate. Since 2014, the emirate's rents have been declining. But...

Dubai's Most Sought-After Neighborhood For Rental Properties Is Still Palm Jumeirah. According to Zoom Property Insights, the Dubai rental market is still on the rise. As average rent increases by 27% this year. In addition, demand increases significantly in line with the emirate's robust economic activity. The average cost of renting an apartment has risen to Dh91795. While the cost of renting a...

If you are working in Dubai and earn five to eight thousand dollars a month, you will have about 30k to spend on Dubai Properties for Rent. There are several popular areas for renting properties in Dubai, including JVC (Jumeirah Village Circle), Al Nahda, and the Dubai Silicon Oasis. Al Nahda, which is near the Sharjah border of Dubai, is a quiet neighborhood that offers excellent public transport. It's...

Residents Consider Several Factors When Selecting A Rental Property, Including Proximity To Work, School, And Community Amenities. Tenants in Dubai are increasingly choosing to renew their current apartments rather than relocate due to recent increase in rents. Because of Dubai's population growth, rental inventory is under severe strain. With occupancy levels achieving multi-year highs from across...

The Typical Annual Rent For Apartments And Villas Was DH89986 And DH268758, Respectively, In September. An industry report issued on Thursday revealed that rents in Dubai increased 26.6% from the previous year's figures. With estimated yearly rates now approaching Dh90000 for apartments and Dh260000 for villas. "Rental rate growth in Dubai has reached record levels... with villas and apartments rents...

Since The Covid-19 Pandemic, Rent Have Risen In The City. With Apartments' Increased Prices Quickly Approaching The Same Rate As Villas'. The Real Estate Regulatory Authority (Rera) rental index is becoming a go-to resource for tenants. As landlords issue more eviction notices and raise rents. After the Covid-19 pandemic, Dubai's rents began to rise. Along with apartment rent increases presently...

Additionally, It Costs Less To Purchase Residential Properties Outside Of Cities. Being a city girl who loved the convenience of everything that came with it, Filipina expat Rachel Delacruz. However, when she became pregnant with her first child, she suddenly felt the need for so much "own personal space." She made the decision to relocate to DAMAC Hills 2, a suburb that is about 50 kilometers from her...

When It Comes To Ready-To-Move-In Homes And Longer Payment Terms, Developers See Opportunities. Dubai developers are using the rising cost of rent as a justification to persuade potential end-user buyers to purchase a home rather than continue to rent. In addition, developers are supporting that with enticing offers for homes that have just been delivered or that will do so soon. Their sales...

By The End Of August, Average Rent Increases In High-Demand Areas Will Be Closer To 35%. It seems unrealistic to anticipate a slowdown in Dubai's housing market in the upcoming weeks. Within Dubai's freehold areas, there were over 36,800 "Ejari" contracts signed by landlords and tenants just in August. In addition, those figures are 9.7% higher than they were a year ago. The total includes both renewed...

There are several options when it comes to Dubai Rental Properties. Some properties are listed by the landlord, while others are handled by agents. In most cases, these agents are English and few are native speaking and will schedule viewings. If you want to see an apartment for rent, call the agent and arrange for a viewing. They are usually open on weekends and can help you find an available apartment....