Golden Mile - Rents Agreed - Market Trends
Rents Agreed and Market Trends in Golden Mile, Palm Jumeirah.
Author Gareth Davies - Award Winning Broker and Property Consultant
The average rent for Golden Mile apartments has increased by 28% during the past twelve months.
From the enquiries and rental deals in which I have been involved, I have noticed the following: -
During October 2022, most enquiries were from Russian citizens relocating from Russia.
During 2023, most of my enquiries have been from British citizens “escaping the inflation, increased interest rates and political problems” being experienced in the United Kingdom.
Apartments with kitchen and bathrooms fitted and presented to European standards were achieving premium rents compared to apartments with original, dark kitchens and bathrooms.
Golden Mile : Rental Growth (AED/sq.ft)
Source: PropertyMonitor.ae
Rents Agreed to New Tenants at Golden Mile
Source: PropertyMonitor.ae
Source: PropertyMonitor.ae
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