Dubai rents fall in the first half

04 07 2018

Biot.com published its semi-annual report of 2018 to the Emirate of Dubai, compared to the second half of 2017, which shows that average rental prices decrease by about 10% for most regions.

For its part, some areas of the emirate experienced a significant increase in rental rates, such as Umm Suqeim, Jumeirah Village, Jumeirah Park and Dubai Land. Dubai Marina was ranked first among the most coveted areas in Dubai

Sales

Most regions of the emirate saw a slight decline in sales and purchase prices Dubai Marina, Dubai Silicon Oasis, Downtown Dubai, Dubai Sports, a marked increase in the sales rate. Dubai Marina was the most sought-after apartment sales rate, with Manchester Towers getting the highest rate of searches on the site.

In rents, the Deira region in Dubai experienced a significant increase in prices, consisting of two chambers of 8.23%. Prices have stabilized in the Nahda area for studios and for two-bedroom units at Dubai's Silicon Oasis.

Deira recorded a 15.38% drop in its rental rate for one-bedroom apartments, followed by Dubai Sports City for two-bedroom apartments at 10.58%.

© Al Bayan 2018