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As house rents in the UAE rise, prospective renters have become cost-conscious with amenities and facilities provided in buildings taking a backseat. A survey by propertyfinder.ae, a property portal site, reveals prospective renters now are deciding to lease apartments depending on rents. The survey reveals the three significant aspects to be amenities, place and price for prospective tenants who look forward to rent apartment in Dubai. “Cost seems to have the largest influence on a renter’s decision to select one flat/villa over another,” Erika Lahyani, CEO, propertyfinder.ae, said.
“Nevertheless, this isn’t to state that other variables are inconsequential. There were other attributes, which likewise play a huge part when one looks to rent apartment in Dubai, such as place and living comforts. Accessibility to on-site community facilities will probably become increasingly important to renters as they seem for methods to savor downtime without breaking the bank,” he included.
Armin Sheikh, a finance expert having a privately held company, states: “I used to stay in a studio condo in Dubai Marina. Earlier this year, my landlord hiked my rent and therefore I made the decision to shift to Dubailand where I got an apartment at a reduced rent.”
He adds: “I possess a set budget for housing and I did not desire to overshoot it. Consequently, I moved out. As the unit was let directly from the developer I even saved in the commission. So, in fact, I did conserve.” In January, Johnson Lang LaSalle (JLL), a world-wide consultancy, stated almost 28,000 new housing units are likely to be added in 2014 in Dubai.
Dubailand may take into account almost 33 per cent of the announced future supply, with around 16,000 home developments expected before the end of 2016 which means more options available when searching to rent apartment in Dubai. Additional regions that will find leading residential conclusions are Dubai Marina (4,200 developments); Dubai Sports Town (3,700 developments); IMPZ (3,000 developments); Business Bay (2,700 developments) and Dubai Silicon Oasis (2,600 developments), JLL stated.
Provident Real Estate 