Shoreline Apartments: Mid-March Rental Review
What I think is most likely happening in leasing right now.
Gareth Davies - Award Winning Broker and Property Consultant
Having been involved in the residential property market for the past 38 years, I have experienced a few recessions and the slowdown in Dubai during the Covid-era. I think the rental market is currently in a wait-and-watch pause, not a crash.
That pause would typically show up first as:
tenants delaying commitments.
more requests for 1–2 month extensions of current tenancy contracts.
slightly softer agreed rents on fresh tenancies.
more negotiation on payment terms such as the number of cheques rather than headline asking rents.
That last point is important. In a prolonged conflict greater cheque flexibility can enable easier cash-flow and therefore affordability for tenants. This can reduce vacant periods without landlords significantly reducing the advertised rental price to attract tenants.
The Average Rent Agreed (AED/sq.ft)
Source: ProprtyMonitor.ae
Rents Registered at Ejari for New Tenants.
The conflict has reduced the number of new-tenancies at Shoreline. However, it is too early to say if there is a significant decrease in rents. But there are early behavioural signs consistent with caution, and if the conflict persists, the first visible adjustment is likely to be deal structure rather than dramatic headline rent cuts: more extensions, more negotiation, and more flexible cheque/payment options before any clear rental repricing becomes obvious.
Type J : Rental Contracts to New Tenants.
J-Type 1-Bedroom
Type B : Rental Contracts to New Tenants.
B-Type 1-Bedroom
Type D : Rental Contracts to New Tenants.
D-Type 2-Bedrooms
Type E : Rental Contracts to New Tenants.
E-Type 2-Bedrooms
Type F : Rental Contracts to New Tenants.
F-Type 2-Bedrooms
Type A : Rental Contracts to New Tenants.
A-Type 3-Bedrooms
Type C : Rental Contracts to New Tenants.
C-Type 3-Bedsrooms
Penthouse (4 Beds) : Rental Contracts to New Tenants.
Penthouse
Ready to Find Your Dream Property in Dubai?
Get Expert Guidance & Personalized Investment Advice
Connect with me directly on WhatsApp for:
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.
