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discovery gardens

Dubai landlords get flexible to woo tenants

Dubai tenants

Rent declines for residential properties in Dubai averaged five per cent for the last 12 months and 2.5 per cent on average quarter on quarter, estimates property consultants Cavendish Maxwell. “Declines were more pronounced in International City, The Greens, Discovery Gardens and Al Furjan, averaging a 12-month change of more than six per cent. Rent…

Who buys most apartments in Dubai?

Dubai buildings

Buying a property in Dubai remains an attractive proposition for those who want to park their money and generate great returns in the long term. The latest data would show that billions of dirhams are being spent by foreigners, including expatriates based in the UAE, to acquire a piece of home in some of Dubai’s…

New mid-market homes put pressure on Dubai rents

Dubai rental pressure

Downward rental adjustments continue to take place in the Dubai market, says a Q2 2018 report released by property company Chestertons on Monday. This is due to several factors: additional stock being delivered, thus providing more choices, some tenants purchasing their own properties and conservative market sentiment. Average apartment rents are down 4 per cent…

Ask for a higher rent and lose a potential tenant

Rental dip in Dubai

Ask for a higher rent and lose a potential tenant Dubai residents are getting extremely choosy about where they want to move into. It doesn’t matter whether a building has just been delivered, if the landlord’s offered rents do not match market rates, the homes are likely to remain empty. Even “newly handed-over, lower-end buildings…