Dubai real estate this summer shows no signs of the market declining or rental values stabilising.

If you are a tenant in Dubai deciding or planning on moving to another property, you may want to do so quicker than usual – rentals are showing no signs of slowing down this summer. Further momentum in September could be expected as Dubai’s residential rental market continues towards full recovery.

Even the low budget areas like Jumeirah Village Circle are turning more expensive. 1 bedroom apartments are now renting for AED 53,000 compared to lower rental prices starting from AED 40,000 last year. 2 bedroom apartments can now start from AED 90,000 depending on how new the building, size etc.

Is now the best time to stay-put in current contracts or look for costlier options? It may seem more practical staying put then starting new a rental contract with rates expected to keep rising. However, if you manage to find a decent property at a reasonable rate and better than what you have currently, move fast, as prices are expected to rise in the coming months.

Dubai Creek Harbour has had a lot of new interest recently. 1 bedroom apartments are renting from around AED 68,000. A very reasonable price in this competitive and booming market.

The most noticeable rental increases have been found in Downtown Dubai and Palm Jumeirah. 

If you're looking to rent a property at the best rates, our agents are ready to assist you.

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