Dubai Rentals see increase in rents in the first quarter of 2014

Palm Jumeirah is the most costly community to let a 2-bedroom flat in Dubai, but the maximum boost was read by Discovery Gardens in the Q1 of 2014, in accordance with a fresh Dubai rentals report launched by Land Sterling.

Discovery Gardens found rents soaring 13 percent to Dh 90,000 per year and Dubai Business Bay rents for 2-bed components increasing by 12% each. Downtown Dubai reaches Dh 165,000 per year on common and saw a-3 percent Dubai rentals increase in the 1st quarter, compared to Q4 2013. On an average, in Global Town, a 2-bed rental went for quarter increase of 8%.

Dubai Rentals expected to follow the upward trend in 2014

Till they can be countered by adding more offers in the marketplace, according to business specialist Dubai rentals rents may continue to increase in 2014.

"I do not believe there are any chances of rents decreasing but you'll find the leasing development sluggish and this quarter we simply had a three percent boost, down from what we found throughout preceding years," stated the manager Mr. Green of CBRE Middle-East.

"We will not be anticipating to observe the exact same degree of increase that we observed in 2013 but rents will rise until enough offer comes through and I do not believe that (offer) is occurring in the brief term."

Dubai Rentals not giving much options to tenants

Due to significant and sudden increases on their leases, budget-oriented renters in Dubai should make up their heads rapidly on what their choices are. They might determine to purchase an "affordable" property in their own or mind for places where rents nonetheless have perhaps not however shot-up to amounts they may be facing today. But these choices are thinning by the week.

"The competition for cost-effective Dubai rentals and Sharjah high rises have gone upwards rather dramatically," stated David Stevens, controlling director at a real estate company.

Apartments for rent in Dubai rates not stable in first quarter of the year

The cost of renting in the UAE is rising by "unsustainable" amounts pushing occupiers to maneuver out to more economical places, property brokers say. Average annual rates for apartment for rent in Dubai increased by 5 percent on the three months to the ending of March, while villa rents rose 3%.

It said that at International Town in the borders of Dubai there were a number of the biggest rent increases, with average rents upward by 11 percent through the first quarter of 2014 to Dh50,000 for an one-bedroom flat- equating to an 80% increase over the entire year.

Biggest Dubai property for sale deals of 2014 so far

A flat sold in Burj Khalifa, the planet's tallest tower, has capped the record of the 10 largest Dubai property for sale deals completed in first-quarter 2014. 7.

The second place was taken by a 6,887-square-feet apartment in Dream Hands Home, Palm Jumeirah, which was offered for Dh15.50 million followed closely by a 10,254-square feet apartment in Marina Houses - 5, Palm Jumeirah, selling for Dh15 million.

Emmar announces its new villas for sale in Dubai neighborhood Samara

After documenting strong investor interest for its preceding communities Dubai developer Emaar has declared the launching of its newest villas for sale in Dubai neighborhood Samara, in its popular development Arabian Ranches.

The community will also have facilities and comforts including a health care centre, forte food and drink retailers, a big retail center plus a daycare centre.

Located at the cross roads of al Qudra and Sheikh Mohammed Bin Zayed Road the villas for sale in Dubai neighborhood Samara gives simple accessibility to Dubai's primary hubs including Dubai Marina, Dubai Media City and Dubai Internet City.

Emmar to launch its new properties for sale in Dubai project

International property developer Emaar Properties PJSC has started BLVD Crescent, its newest high-end home Dubai properties for sale. Launch will be in four cities concurrently - Dubai, Abu Dhabi, Almaty and Shanghai - and will join showcasing and sales activities to previously registered attendees. Although costs haven't been revealed, the average marketing rate for Burj Vista I, a preceding project by Emaar, was 2000 EAD per-square foot (roughly 75000 $544 per-square foot), as formerly reported by MHN.

Located on Mohammed Bin Rashid Blvd, in down-town of Dubai, the 300-device BLVD Crescent will likely be comprised of two high rises of 39 and 21 stories, linked by a podium containing neighborhood comforts.

The world island project begin its Villas for sale in Dubai endeavor

Resort packages at Mont-Royal, a-5-star hotel being assembled on the key isle of The Heart of Europe in The World islands Dubai, are available for purchase with off-plan costs which range from Dh3,000 to Dh3,700 per-square feet.

The villas for sale in Dubai are listed  as selling a 640-square foot development called "princess suite", for Dh2 m, or Dh3,125 per square feet, while yet another 581 sqft (corner) package is listed for Dh2.15m. These are the initial villas for sale to go on The World Island after the worldwide fiscal crisis.

Authorities keeping a close watch on Dubai rentals

The Authorities of Dubai may concentrate on innovative professional areas and business real-estate, while attempting to retain the leasing market within allowable limitations, as per a Division of Finance (DoF) report.

The government may concentrate on commercial real estate property such as hotels, malls and workplaces in the property market and also function to regulate the leasing marketplace to be sure that it stays within permissible limitations.