Azure Residences - Rents Agreed - Market Trends
Rents Agreed and Market Trends at Azure Residences, Palm Jumeirah
Author Gareth Davies - Award Winning Broker and Property Consultant
Azure Residences - Rental Growth
Rental growth in many communities throughout Dubai has started to slow down as the affordability of people working in Dubai โgets stretched and a rent ceiling has been reachedโ.
Change in Rents (AED/sq.ft) in the past 12 months:
Azure Residences: -4.03%
Palm Jumeirah: +3.41%
Change in Rents (AED/sq.ft) in the past 6 months:
Azure Residences: - 3.80%
Palm Jumeirah: +3.80%
In the graph below, the rental growth (AED/sq.ft) at Azure Residences was -0.67% during the past 12 months. Azure Residences has performed below the average for all communities at Palm Jumeirah this year.
Rents Agreed at Azure Residences (Renewals with Black Circle)
The current rental levels for new leases to new tenants range from AED 140,000 to AED 190,000 for a furnished apartment with full Burj Al Arab view. Rents vary widely, depending upon the view and floorplan.
To know more about the current market, the selling & renting figure of your properties, please contact us via the form below or click the WhatsApp logo.
Author Gareth Davies - Award Winning Broker and Property Consultant
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