Dubai’s residential rental market is changing in more ways than you think

  • Date: 14-Aug-2023
  • Source: Gulf News
  • Sector:Real Estate
  • Country:UAE
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Dubai’s residential rental market is changing in more ways than you think

Under the constant pressure of finding something new to churn, real estate agents feel the pressure to up their social media game to promote not just the property but the entire Dubai real estate market.

It’s almost considered a dereliction of duty if the community being promoted does not have a social media plan and someone to execute it. The influencers, as they are called, cater to the newer professionals in their quest to capture the influx of talent into the country.

But in an age of ‘glamping’, there are real challenges when there is an influx of a populace, as rents start to shoot up, not only in the residential districts but also in the commercial areas when operators of restaurants, leisure facilities and the like move in to cater to the newer tastes.

Partly, this is a result of demand and supply dynamics, and as the mid-market catches up after the long run in luxury property, areas like Dubai South, Arjan and JVC start to take center stage in terms of people clamoring to move in. Even in areas like International City (which dominates the Ejari lease contracts in terms of market share), the population has barely changed, and yet there