Golden Mile, Palm Jumeirah - Rents Agreed - Market Trends
Rents Agreed and Market Trends in Golden Mile, Palm Jumeirah.
Author: Gareth Davies - Award Winning Broker
During the past six months the rents (AED/sq.ft) agreed to new tenants at Golden Mile have decreased by -3.49%.
Change in Rents (AED/sq.ft) in the past 12 months:
Golden Mile: -1.36%
Palm Jumeirah: 3.41%Change in Rents (AED/sq.ft) in the past 6 months:
Golden Mile: -1.99%
Palm Jumeirah: 3.79%Beach front communities such as Shoreline and Oceana Residences have performed better than Golden Mile during the past year. However, even the Fairmont Residences - which have a similar layout to Golden Mile - have experienced decreases in the rents agreed to new tenants.
Apartments with kitchen and bathrooms fitted and presented in European styles and presentations were achieving premium rents compared to apartments with original, dark kitchens and bathrooms.
Golden Mile : Rental Growth (AED/sq.ft)
Source: Property Monitor.ae
Rents Agreed at Golden Mile (Renewals have Black Circle).
Source: PropertyMonitor.ae
Source: PropertyMonitor.ae
Source: PropertyMonitor.ae
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