Rise In the Rents of Dubai apartments

Rents in Dubai have risen by around 10.4 per cent due to increased demand by tenants shifting homes in search of better rentals.

According to real estate information company REIDIN, villa and apartment rents rose by 11.7 per cent and 8.6 per cent last year.

There is higher demand coming from people who wish to buy property in Dubai rather than renting. 

Ahmad Kayhan, Chief Executive, REIDIN, said: "Key drivers for a rise in rents have been inflation and increased demand from people in constant search of affordable accommodation. With no fresh supply of properties, the rental prices are likely to go up even further."

According to data compiled by REIDIN.com, Dubai Sports City and Discovery Gardens were the only areas that did not see any rental movement in 2011. International City on the other hand recorded a 7.5 per cent increase in rents from Dh66.96 per square foot per annum (p.a.) in March last year to Dh72 per square foot.

One of the highest growth rates in New Dubai has come from Emirates Living comprising The Springs, The Meadows and The Lakes. The rents in these areas have gone up 10 per cent to Dh59.16 per square foot from Dh53.76 in March 2011.

According to Harbor Real Estate, the spike is because New Dubai tenants keep scouting for better deals in new developments. "We are seeing an active migration of tenants from ‘older' areas to newer ones that offer value-for-money. The occupancy levels in Dubai are increasing. And since it will take another two years for most major projects to get complete, the rents at existing properties are likely to go up," said Pooja Banwani, Senior Property Consultant, Harbor Real Estate.

Asteco Property Management said the demand is high for Dubai apartments and villas which have retail and leisure amenities. "Properties in well-developed areas are witnessing higher occupancy rates than others. Downtown Dubai has done particularly well. A one-bedroom apartment here could rent out for anything between Dh85,000 and Dh95,000. Rents of three-bedroom apartments range between Dh180,000 and Dh220,000," said Vineet Kumar, Associate Director — Agency, Asteco Property Management.

"There is higher demand coming from people who wish to buy properties in Green Community rather than renting," said Harry Singh, Sales Manager, Square Feet Realtors.

Studio apartments in Green Community are renting for around Dh30,000, one-bedroom apartments for Dh50,000, and two-bedrooms between Dh100,000 and Dh120,000. 

Today, rent or Buy Dubai property is not much difficult as it was few years ago. The only thing you need is to make some search to find out about which Dubai property is suitable for your profitable investment.

Dubai- A City Of Entertainment, Joy and Luxurious Accommodation

Dubai is fast becoming popular among most people. For most people Dubai represents class, elegance, style and luxury. It is a place to throw great parties, where excellent opportunities for relaxation and shopping knock your door and the creme de la creme is easily spotted, hopping from one club to the other. As it is one of the seven United Arab Emirates, Dubai has a remarkable infrastructure and architecture, that is a not only a visual pleasure but is also great through investor's point of view.

For these visitors we are offering excellent Dubai apartments. Generally, Dubai is divided into an Old City with historical sites and a Modern Dubai with zones for sport, fun and recreation. The places to be seen in the Old Dubai area include the Bastakiya District with its cafes and art galleries, the Dubai Museum and the Jumeirah Mosque that is also open for non-Muslims.

Since its inception, Dubai has extensively promoted trade and taken a very proactive stance towards securing business. Out of all the other Emirati states, Dubai is the only one that is not entirely dependent on oil for its income, which in actuality accounts for just 10% of GDP. So investing in Dubai is a great option. What you need to do is look for fully furnished apartments, what they have to offer is services of highest quality.

Here we will guide you regarding what you should expect, are beautifully decorated Dubai apartments with solid wooden furniture. As for kitchens, they are fully tiled kitchen with all the cooking utensils and modern amenities including pots and pans and other basic things like crockery and cutlery. It's a modern world where you cannot afford to remain disconnected from the rest of the globe, thus high speed internet, a satellite television, and DVD player are available to keep you entertained. Another burning issue is security round the clock; you must opt for a place where you feel completely secure.

These gorgeous apartments will make your stay in Dubai, purely pleasurable one, a place where you want to keep coming back to These apartments are quite suitable if you want to buy property in Dubai. These apartments are available in single, double and three bedrooms apartments, and if you are lucky you can even avail handsome discounts. These apartments in Dubai are the best alternative accommodations compared to other short-term rentals which are highly expensive and do not offer half as many services. The location of these apartments are also supremely strategic, they're mostly situated in Dubai Marina and some other very tactical locations like Dubai beach areas with ample sun and fun.

So, if you want to buy Dubai property, these apartments are a great avenue for your profitable investment, not only are they clean, safe and secure but a great place to live in.

Buy Your Own Property in Dubai

Dubai is rapidly growing in popularity with British second home purchasers attracted by its lifestyle, cosmopolitan atmosphere and sub-tropical climate.

Dubai City consists of two main areas, Bur Dubai (the older part) and Deira, which faces it across Dubai Creek and is now the centre of the city.

Residential locations traditionally favored by Westerners include the extremely select Jumeirah, which lies on the coast to the southwest of the city centre, and Al-Garhoud, situated on the northeastern side of the creek, near the airport. However, the recent property boom has led to a ripple effect that is enlarging the popular areas. Most residential development is currently happening west of the city, with the majority of foreign and expatriate purchasers concentrated in an area of approximately 25 km2, within easy reach of the beaches and the city-centre facilities.

The types of home favoured by British purchasers are Dubai apartments and villas, often located in secure complexes with communal leisure facilities such as tennis courts, swimming pools and gyms.

Since 2002, when, by royal decree, foreign nationals first became eligible to own property, Dubai has enjoyed a construction boom. New developments, many of them extremely luxurious and featuring the latest in technology, are springing up, particularly in areas popular with expatriates. These include Palm Island, a vast new resort development constructed in the shape of a palm, which projects 5 km into the sea off Jumeirah and extends Dubai\'s coastline by 61 km.

Until 2002, buy Dubai property was restricted by law to citizens of the UAE and other nationals of the Arab Gulf Cooperation Council. Even when this law was reversed, there was, until recently, no federal law that recognised freehold tenure, which meant that the value of Dubai freeholds rested in essence on the country’s international trading credentials and good name rather than on enforceable law.

Foreigners who bought property in Dubai received a deed from the major development companies, which are, effectively, owned and controlled by Dubai’s government and, ultimately, its ruler. Although this state of affairs had little or no significant effect on the burgeoning property market, it was not entirely satisfactory.

In March 2006, the Dubai government passed a long-awaited law allowing foreign freehold ownership of property in the emirate, but only in areas designated by the ruler. Owners are permitted to derive benefit from and to let their properties.

It is generally understood that the freehold as set out under this law is a freehold in the international sense, whereby owners are deemed to have absolute rights in their property.

Some developers are still selling leasehold rather than freehold titles, in which case the title is valid for the period stipulated in the lease agreement.

Because the international property market in Dubai is still in its infancy, there is as yet no formal purchase process. The only piece of paperwork required is a (usually) straightforward sales agreement. Before signing, it is advisable to consult a local lawyer or one familiar with Dubai, since, once signed, the document becomes legally binding.

In the majority of cases, those buy property in Dubai do not incur survey fees. Stamp Duty does not exist. The only significant cost, therefore, is a 1.5 per cent land registry fee, payable on completion.

Because of the absence of a structured purchase process, it is essential to tread warily and deal only with reputable developers and/or agents.

Rental Dubai Properties for Dubai’s Visitors

If you are moving to Dubai for work you may be planning on renting a house or flat to live in during your stay there. One thing to keep in mind is that you will not be able to rent any property in Dubai unless you are the holder of a residential visa. If your company is moving you, they will have to sign the lease or rental promise instead. In the event that your employer signs the rental agreement, they will be the one who will pay the bill and then work out a plan with you. If you hold the residential visa, you can choose the house or flat you want to rent and you will be required to sign any subsequent paper work and will be responsible for the payment of all rents. In this case the employer will often keep your passport for the entire rent period, though this is different from company to company.

The best way to find property to lease is to go to a realtor who specializes in renting Dubai properties. You will need to pay these specialists a percentage of the yearly lease, typically five percent, for them to place you in a flat. This can be well worth the cost as they will have photographs and demographic locations for you to choose from. If you know the area of Dubai you will be working at, a realtor can show you apartments in the same area as they are well versed in the city and the layout of the city. You will not need to do much leg work yourself if you allow a realtor to do this for you.

If you prefer to do most of the leg work when finding a flat or home to rent in Dubai, you can use the internet as a tool to aid you in finding apartments for rent in Dubai. If you search in your web browser for rental properties in Dubai, you will find results for forum boards and realtors that deal in Dubai rentals.

When renting a Dubai apartments you should also consider obvious things like location. The things to consider are distance from parks, the city and shopping centers, the beach and your job. I cannot provide exact advice in this matter because it depends on what is more important for you.

For example if you work in Media or Internet City it is not a good idea to have an apartment in Bur Dubai or Deirah because you will spend more than 4 hours per day only driving to your job and back. These precious hours can be very well spent on fine Dubai beaches with your family. Instead it is a better idea to rent an apartment in "the Gardens" or "the Greens" regions, which are both very close to Dubai Internet and Media city. At least you can look for apartments on the Jumeirah road it will be closer to both your work and beaches.

Just make some search and choose your favorite Dubai real estate for sale for better accommodation in Dubai.

Rise In Dubai Real Estate

The percentage of buy property in Dubai have increased by 33% year on year during the first two months of 2012, while the total number of transactions surged 84%, official figures show.

A US$96 million sale in the Marsa district in January helped push up the figures, according to the latest data from the Dubai Land Department.

The figures show there were 448 deals recorded in January and February this year, a rise of 84% compared to the same period in 2011. While volume was up, values lagged behind, rising 33% to AED3.698 billion ($1.006 billion).

An analysis of the two months showed a difference in performance. January saw volumes rise 94% year on year, while total value was down 0.9%.

By comparison, February saw volume up 73% while values surged ahead by 167%. The most popular district was Al Barsha, where there was 28 sales registered in February alone.

The city’s agents were quick to view the figures as emphasis the market was beginning to return to normality and demonstrated an upward movement.

‘Sales across Dubai are on the increase and this is due to the stabilizing of the real estate market and the safety and security that living in the UAE can bring,’ said Paul Musson, manager of residential sales and leasing at Better Homes’ Barsha office.

‘Confidence is growing in favor of Dubai as other areas in the region are hit by internal disputes and an unstable future. The ratio of buy Dubai property is on the increase; however this is not reflected in the now flat line selling prices. This suggests that the worst is now behind us and we can look forward to a healthy recovery for end users and investors alike,’ he added.

Andrew Goodwin, director of consultancy firm DTZ said it was encouraging that volumes are up. ‘This means that there are a greater number of lenders in the market and even if values are down, these will increase in time if the trend continues,’ he explained.

This is the best chance to make some profitable investment in Dubai apartments, villas, houses or any other real estate in Dubai. Just make some online search to find out which Dubai property is suitable for a profitable investment in Dubai.