37,000 residential units to be delivered in Dubai this year as demand picks up
37,000 residential units to be delivered in Dubai this year as demand picks up
These cases represent just 2 per cent of the total number of documented Ejari contracts.
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Rents start from as low as Dh14,000 per annum.
11% year-on-year rental decline gives an opportunity to residents to relocate to better residential facilities.
The pandemic has changed the lives of many people. Tenants and landlords alike are now less inclined to commit to yearly contracts.
The findings are a sharp turnaround from October last year, when only 31 per cent of those surveyed expected rents to stablise or rise.
International City and Deira are the most economical places for studio apartments in Dubai
Trend shows strong demand for affordable dwellings in the emirate
Developers are expected to continue offering a range of incentives such as fee waivers and discounts.