Tiara Residences, Palm Jumeirah - Rents Agreed - Market Trends
Tiara Residences : Rents Agreed and Market Trends
Author: Gareth Davies - Award Winning Property Consultant
During the past year, the rents (AED/sq.ft) decreased during the first 6 months at Tiara Residences but there has been some positive growth since August which has followed the overall average trend for the communities within Palm Jumeirah.
Change in Rents (AED/sq.ft) in the past 12 months:
Tiara Residences: -3.52%
Palm Jumeirah: 0.61%
Change in Rents (AED/sq.ft) in the past 6 months:
Tiara Residences: 4.81%
Palm Jumeirah: 4.64%
Graph: Rent Changes (AED/sq.ft) for Tiara Residences.
Source: PropertyMonitor.ae
Graph: Rental Monthly Change (AED/sq.ft) for Palm Jumeirah
Source: Property Monitor
The affordability of rent payments creates a โceiling rentโ in any location and is linked to disposable income and wage increases, if any.
RENTS AGREED
Views of the sea or marina are important requirements for most prospective tenants. Apartments should be bright and light and any furniture should be in good condition to meet the expectations of the many European and North American tenants.
Source: Property Monitor
Rents Agreed to New Tenants
Source: PropertyMonitor.ae
Source: PropertyMonitor.ae
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