Is Dubai Turning into a Renters Market?

The ongoing Covid-19 pandemic has brought some immense changes in the Real estate sector globally. These changes are also visible in Dubai’s real estate market. It has become tenant friendly as the rents remain stable and unchanged. Moreover, now you easily find your dream homes at an affordable rate using various Property Finder Dubai platforms.

According to experts, the current condition of the real estate market in Dubai is quite suitable for anyone looking to scale-up their current rentals. If you can afford a switch, now is the right time to do so as the rents are declining. The declines are going to last as the government introduces more relief for the tenants. So, if you have been planning to upgrade your home, go for it now as it’s the right time to do so. Look for deals in your current residential complex or nearby communities where you can readily move without going through hassle.

Ideal Time to Buy Property in Dubai:

These days as most of the people are facing financial instability and crisis, the investors are pulling out. The property market is an overall standstill and the property prices are falling. Therefore, it can be a golden opportunity for you to buy your own place in Dubai. If you have some savings for the rainy days, then it is the best time to invest in it.

Once the concerns related to Covid-19 die, the property market in Dubai will make a comeback.. Especially with the approaching Expo 2020 that is now going to take place in 2021, the real estate market is expected to stabilize. For this reason, it’s advisable to invest in Dubai’s property sector as the chances of getting profit are immense.

Locations with Best Prices:

These days you can easily find any luxurious villa for rent in Dubai at an unimaginably low price. The locations that are providing best relief in rental prices are Silicon Oasis, Al Furjan, Al Khalil heights and the south of Dubai. If you are looking for a place for relocating, then consider one of these luxurious neighborhoods. In order to find the best rates, try posting your questions in the most relevant platform such as a property site or in relevant Facebook groups.

Best Places for Real Estate Investment in Dubai:

Those who are looking for investment opportunities in Dubai, consider these sites.

Dubai Marina:

Dubai Marina is undoubtedly the pearl of Dubai and a favourite site of investors. There are numerous options of properties here where you can invest. There are many flats, apartments, villas and retail outlets here in which you can invest.   

Palm Jumeirah:

One of the evergreen real estate property sites in Dubai is the Palm Jumeirah. Over the past few years, the ongoing development and progress in Palm Jumeirah has made it as one of the most reliable real estate sites in Dubai. If you’re looking for a place to invest with guaranteed high-returns, then Palm Jumeirah is the place.   

Arabian Ranches:                                                   

Undeniably, the most popular Villa community in Dubai are the Arabian Ranches. Spread across 1650 acres of land this desert-themed neighborhood has everything you desire from golf courses to world class facilities. The best part of this place is its location, which is close to Burj Khalifa, Dubai Polo and Equestrian Club. Arabian Ranches is a top favorite among investors because of its longevity and high demand in the secondary market.  

Dubai Land:

Dubai Land offers a combination of top-notch sports, leisure, and residential areas, all in one place. The residential communities like The City of Arabia & Mudon are a part of it. This place is gaining interest from investors and developers as Expo 2020 is just round the corner and its close.

Jumeirah Village Circle (JVC):

Set in the heart of Dubai, the Jumeirah Village Circle is a small gated community. It is famous for its peaceful village setting with the state-of-the-art amenities. There are more than 2000 luxurious villas here as well as exclusive townhouses. It is an ideal place to settle down with your family, as it has all the facilities that one needs. There are two international schools, a community center, clubs, mosque, and medical centers with latest technology, present in this serene locality. Apart from this, it has a direct approach to Jebel Ali road & Dubai Marina, which makes it highly accessible. If you’re looking for a place that gives good profit, then consider JVC as even the rental yields are good here.

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