Oceana Residences - Rents Agreed - Market Trends
The Average Rents Agreed and Market Trends at Oceana, Palm Jumeirah.
Source: PropertyMonitor.ae
The average rent in terms of Dirhams per square foot, has increased by an impressive 17% during the past twelve months. Although growth has slowed since June 2023, and the rents appear to be levelling-out..
A large proportion of new tenants are from Europe and they expect accommodation fitted to European standards; contemporary style kitchens with white of other light-coloured kitchen units, matching electrical appliances and light, bright bathrooms.
The largest rent increases have been for apartments with refurbished / upgraded kitchen and bathrooms, beach access and full, sea views.
Rents Agreed to New Tenants
Source: PropertyMonitor.ae
Source: PropertyMonitor.ae
Source: PropertyMonitor.ae
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