Dubai rental market trends The higher stability observed in Dubai real estate during 2018 has led experts to predict a kick-start recovery in initial few months of 2019. Dubai rental market is expected to spring back to life because rentals of the residential units have already fallen to the maximum extent in most of the areas across Dubai. New supply of property units is expected to become part of the market during first six months of the year and this oversupply will match the rising demand and set Dubai rental market on steady recovery track. The demand of the Dubai rental properties is expected to originate from the GCC nationals who consider Dubai the best city for enjoying quality lifestyle. Since the landowners in Dubai know that the troubled real estate has turned general investors into astute ones, therefore to increase the property demand and lure the investors to the vacant properties, they provide better amenities and facilities. Currently the rents are showing high stability in the areas like Downtown Dubai, Al Barsha, The Greens, and Dubai Marina. Although some areas, like Discovery Gardens, Silicon Oasis and Jumeirah Lake Towers, still show rental declines of 5-15%, yet the rate of this decline is expected to slow down with the increase in demand. The recovery is expected to gain momentum gradually and as a result, the rental market may bounce back in 2018.
Dubai and Abu Dhabi rental market – What to expect in 2019?
Dubai rental market trends The higher stability observed in Dubai real estate during 2018 has led experts to predict a kick-start recovery in initial few months of 2019. Dubai rental market is expected to spring back to life because rentals of the residential units have already fallen to the maximum extent in most of the areas across Dubai. New supply of property units is expected to become part of the market during first six months of the year and this oversupply will match the rising demand and set Dubai rental market on steady recovery track. The demand of the Dubai rental properties is expected to originate from the GCC nationals who consider Dubai the best city for enjoying quality lifestyle. Since the landowners in Dubai know that the troubled real estate has turned general investors into astute ones, therefore to increase the property demand and lure the investors to the vacant properties, they provide better amenities and facilities. Currently the rents are showing high stability in the areas like Downtown Dubai, Al Barsha, The Greens, and Dubai Marina. Although some areas, like Discovery Gardens, Silicon Oasis and Jumeirah Lake Towers, still show rental declines of 5-15%, yet the rate of this decline is expected to slow down with the increase in demand. The recovery is expected to gain momentum gradually and as a result, the rental market may bounce back in 2018.