It’s a renter’s market.
If you’ve been renting the same apartment or villa for a number of years and have NOT renegotiated the price, now is the time to do it.
Simply take this report released by local real estate marketplace Propertyfinder.ae which states rent in Dubai is averaging 21% lower than it was two years ago.
21%…take that landlord!
Rent is 5% cheaper now that it was in the first half of 2019 year, according to the bi-annual report which shows a detailed analysis of Dubai’s real estate climate.
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The UAE's most in-depth real estate report is OUT NOW! Don't miss out on the latest price trend analysis, industry expert commentary, market updates, and much much more. 📘 ⠀⠀⠀⠀⠀⠀⠀⠀⠀ Head over to the Trends icon in our 'highlights' to download the latest edition. ⠀⠀⠀⠀⠀⠀⠀⠀⠀ #PFTrends #propertyfinder
Home-owners who rent DO have options
Rent has dropped because of the oversupply of new homes, however, there is a way to navigate the market, according to the report. Short-term rental options are big business in the UAE and PropertyFinder compiled a report detailing a number of ways owners can navigate the market.
See the trends report here