Expect more rental savings this 2019 News
Great news for tenants who are searching for apartments for rent in Dubai! This 2019, a huge number of properties are expected to be handed over. About 47,500 new homes are coming to Dubai which consists of new villas, apartments, and townhouses. With this highly anticipated trend, tenants can expect more affordable properties for rent as there would be a lot of options to choose from.
According to property analysts, this year is the right time to for residents to look for affordable properties for rent in Dubai or just upgrade their homes as there are really a lot of options to choose from. There are more supplies being expected on year 2022 which makes the current prices the new normal as of this year. Last December 2018, about 33,983 residential units in Dubai were 65 per cent complete and will be fully complete by 2019. Hence, close to 50,000 units are expected to be delivered this year.
During the second half of 2018, tenants are looking for apartments for rent in Dubai Marina, Business Bay, Downtown Dubai, Al Barsha, and Palm Jumeirah. But since the supplies of new properties are focused on newly developed areas, more tenants are likely to find apartments for rent in these new communities. Truth be told, more residents and tenants now prefer to live outside the city. The busy city life could be stressful for some residents, hence their preference.
The good thing about these communities is that they are affordable, family-friendly, and they take you away from the hustle and bustle of the city life. Now that the Expo2020 draws near, we could also expect a faster and healthier market movement which would drive more residents to rent apartments in Dubai. If you’re planning to rent a new home this year, don’t hesitate and find it now!