Here Are The Latest Trends in The Rental Property Market of Dubai

Here Are The Latest Trends in The Rental Property Market of Dubai

The number of tenants in Dubai wanting to pay their rent in one single cheque has increased while those making payments in two, three or even four cheques have declined in the third-quarter of 2020 as compared to same period last year.

Data showed that number of Dubai tenants paying one cheque have increased from 31.5 per cent in third quarter last year to 63 per cent in Q3 this year. Similarly, 21.8 per cent tenants paid two cheques in Q3 last year as compared to 12 per cent in Q3 2020. While 7.3 per cent tenants paid three cheques last year which dropped to mere two per cent this year.

Aditi Gouri, head of strategic consulting and research at Cavendish Maxwell, said more cheque payments are associated with apartments as opposed to townhouses/villas and people are increasingly looking to upgrade to villas/townhouses.

“After the movement restrictions ended in Dubai, there was a clear shift in demand from apartments to townhouses and villas, as people seek larger living areas with outdoor spaces. With the increase in demand outpacing supply and availability in case of villas/townhouses, landlords have been able to successfully demand one cheque payments and even increase rents in some cases,” said