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Dubai Marina and Downtown could be next two prime locations for rent increases gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.
Dubai: Chiller-free rental options are at the top of the mind of UAE tenants seeking a new home to move into. If the deal can be struck without having to pay a broker commission, then all the better. At least, that’s what on their minds going by the search history. “With the tremendous amount of stock in the market, there are a number of agencies that are working with developers providing consumers with no commission structures and lucrative deals so they can attract more renters,” said Lynnette Abad, Director of Research & Data at Property Finder. These days, there are more landlords throwing in chiller-free options as a value-add, and probably hoping that would convince the prospective tenant to go for a lower rental property. Ahead of summer, real estate sources are talking about a rise in residents shifting to new rental premises. Provided one or two of their requirements are met. ....
Revealed: Popular areas for rental demand in UAE Web report/Dubai File photo Report states more people now opting for less number of cheques. Dubai Marina, Al Majaz in Sharjah and Al Reem Island were the top areas for rental demand in the UAE during the first quarter of 2021, said a new report. These figures were released by Property Finder on Wednesday based on the number of searches on its portal during Q1 . The report stated that more people are now opting for less number of cheques than previous years as landlords prefer to negotiate on prices rather than number of cheques. ....
Ready properties outperform off-plan segment in Dubai khaleejtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from khaleejtimes.com Daily Mail and Mail on Sunday newspapers.
Dubai: UAE’s off-plan properties are seeing high demand from individual investors, who are selling these units even before completion, according to a Property Finder report. “Over the years, investors have increasingly chosen to ‘flip’ their properties and participate in secondary off-plan sales where they sell their unit while it is still under construction,” said Property Finder. During May 2020, in the midst of lockdown, the secondary, ready market slumped considerably. This was the only month in which developers sold about three times more ready properties than individual investors. The breakdown stood at 23 per cent by investors and 77 per cent by developers. This gradually shifted in favour of investors, increasing to 55 per cent in June, peaking at 73 per cent in October, and settling at 68 per cent in January and February this year. ....