Why Rents In Dubai Are Declining?

Dubai has always been one of the most attracting cities in the gulf. Good employment opportunities, hi –tech technologies and classy infrastructure, attractive vacation spots, better living standards and endless business opportunities are some of the reasons that make Dubai a preferred city to live by the most. Even the investors dealing in real estate found Dubai as an excellent opportunity to invest and increase their profit margins.

However, in the past couple of years the prices of rental properties in Dubai have diminished to a great extent. The reasons for this are many like:

- The first most important factors are that supply exceeds demand. The downfall of rentals in Dubai is due to the oversupply and fragile demand due to population shrinkage and global economic recession.

- Secondly, there were no more significant employment opportunities which force the immigrants to come to Dubai and take its apartments on rent.

However, this increasing supply of the rental properties in Dubai have given tenants the good bargaining power and the property owners are ready to accept lower rents. Tenants can rent houses in some of the most happening areas of Dubai like Dubai Marina, Jumeirah Lake Towers, etc, at absolutely cheap rent prices. It allows them to live a lavish lifestyle at the minimal cost.

Move In Dubai is a leading real estate firm in Dubai which deals in all kinds of rental properties in Dubai. Be it apartments, villas, commercial property in Dubai, studio apartments, etc, your rental property needs will be catered here.

To check the property portfolio visit: www.moveindubai.com

image credit: travelsplendid.com