Rents Agreed at Shoreline Palm Jumeirah
Gareth Davies - Award Winning Broker and Property Consultant

As predicted in past monthly reviews, the price ceiling of affordability for many Dubai wage earners has been reached. This has caused a reduction in the number of tenants searching within the Palm Jumeirah community during 2025 when compared to 2024 and particularly to 2023.

During the past year, there has been rental growth but that has levelled out in recent months.

Rental Increase over the past 12 months:
Shoreline Apartments: 3.41%
Palm Jumeirah: 5.84%

Rental Trend in the past 6 months:
Shoreline Apartments: 0.07%
Palm Jumeirah: 1.65%

Since 2022, rents have increased more rapidly than wages. The affordability of rent payments creates a “ceiling rent” in any location and is linked to disposable income and wage increases, if any. However, many landlords are appreciating the difficulty of tenants in affording the higher rents, so in order to assist cash-flow an increase in the number of 4-cheques and even 6-cheques rental payment plans are being agreed.

SHORELINE - RENT TREND

PALM JUMEIRAH - RENT TREND

Listing Rent and Rents Agreed

During July to November, the expectations of landlords - often incorrectly guided by their agents/brokers - increased more quickly than the rents that tenants were willing and able to pay.
Unrealistic asking prices cause apartments to take longer to find a tenant.
Vacant apartments can cost a landlord each month the equivalent of 8.3% of rental income for the year.
The expectations of many landlords to receive 1-cheque of 2-cheques rents has also affected the amount of tenants who can enter the market.

Landlords insisting on 1-cheque will often have to wait longer to find a tenant who has the cash-flow or savings to afford the single rent payment.

European tenants expect accommodation fitted to European standards; contemporary style kitchens with white of other light-colored kitchen units, matching electrical appliances and light, bright bathrooms.

Rents Agreed to New Tenants at Shoreline

Park Side. Type J. Ground Floor 1-Bedroom.

Beach Side. Type J. Ground Floor 1-Bedroom.

Park Side. Type B : 1-Bedroom.

Beach Side. Type B : 1-Bedroom.

Park Side. Type D : 2-Bedrooms.

Beach Side. Type D : 2-Bedrooms.

Park Side. Type E : 2-Bedrooms.

**Type E. 2 Bedrooms (source: PropertyMonitor.ae)**

Beach Side. Type E : 2-Bedrooms.

Park Side. Type F : 2-Bedrooms

Beach Side. Type F : 2-Bedrooms.

Park Side. Type A : 3-Bedrooms.

Beach Side. Type A : 3-Bedrooms.

Park Side. Type C - 3 Bedrooms

Beach Side. Type C : 3-Bedrooms

Penthouses

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