Where to rent in Dubai and Abu Dhabi in 2015

9 years ago | Posted in: Dubai Property | 1032 Views

There is finally some good news for those wanting to rent property in the UAE – but only if you know where to look. After years of skyrocketing rents, prices began to stabilise last year, in a trend some expect to continue this year.

Rents in Abu Dhabi’s freehold areas, for example, were up by just 2.7 per cent during the first nine months of last year, following a 9 per cent rise in 2013, according to the property consultancy Cluttons.

The Dubai rental market has also cooled, with prices forecast to have risen by 7 per cent last year, compared to the 24 per cent hike in 2013, according to CBRE.

Michael Lahyani, the chief executive of propertyfinder.ae, says the delivery of almost 20,000 properties in Dubai could drop prices further this year.

“There is a possibility for rents to dip in 2015. However, this slowdown is not bad news, as we see tenant demand continuing to remain strong,” he said.

But while this year is tipped by some to be a good year for tenants, trends will vary from area to area. So follow our guide to renting property in Abu Dhabi and Dubai, with tips on areas to watch, at a budget that suits your bank balance.see more

Source:Thenational.ae

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