The downfall in rental markets in Dubai enables the residents as well the expatriates to rent lavish villas and apartments at affordable prices.
July 14, 2010 – UAE, Rentals in Dubai are continuing to move from an owners’ to a tenants’ market with tenants enjoying more room to bargain as prices continue to fall. As the supply in the residential sector nears its peak, rentals continued to decline in the second quarter of this year, particularly for luxury and high-end villas and apartments.
According to recent reports, rents have dropped down the most in the up-market areas such as Downtown and Marina. It has been seen the downfall of 4% and 11% in high-end apartments and villas respectively. This has enabled the tenants to rent the most luxurious villas and apartments in prime areas of Dubai at affordable prices. People are getting what they want. Another trend which is being observed is the shift of the residents from Sharjah to attractive Dubai houses for rent. It has also been observed that lots of families are moving back to Dubai as rentals in Dubai are becoming more affordable and also it makes more sense to live and work in close proximity. Downfall of Dubai rental property is not only beneficial for the residents but also for the expatriates who are here for their jobs. Not only tenants but it is also good news for the millions of tourists who visit Dubai to spend their vacation. They can now rent luxurious holiday villas in Dubai to enjoy their vacation at reasonable prices.
Move in Dubai is the real estate company in Dubai and has the excellent expertise in providing the best rental properties in Dubai. They are into real estate business since 15 years and have the best deals in renting all kind of properties from apartments to villas to commercial properties in Dubai. The ethos of the company is to provide right property, at right time, to right people, at the right place.
You can just login to www.moveindubai.com which has a large selection of Dubai rental properties across the various popular areas.
Contact:
Shop 2, Al Bishri Building,
Al Barsha, Dubai, U.A.E
Dubai, UAE
Tel: 00971 (0) 44 327 866
Fax: 00971 (0) 44 327 865
http://www.moveindubai.com/
Email: [email protected]
