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

Even before the events of February 28, Shoreline’s rental market was stabilizing as tenants hit the upper limits of affordability. The regional uncertainty that followed led prospective renters to monitor the market rather than sign new contracts, causing a sharp dip in transactions from March to May. While new tenancy agreements have increased since June, newly executed leases are being agreed at lower average rents than those achieved throughout 2025.

Palm Jumeirah - Rental Movements.

The average rent agreed (AED/square foot) to tenants at Palm Jumeirah has decreased by -8.19% during the past three months.

Listing Rent and Rents Agreed.

Despite agreed rents falling since March, July listing prices unexpectedly rebounded. Strong transaction volume in June and July appears to have prompted brokers to overpromise on potential rents to win listings, decoupling asking prices from market reality.
If asking prices pull too far ahead of what tenants are actually paying, leasing activity risks slowing down once again.
Key Considerations for Owners:
Vacancy Rate Risk: Just 18 days of vacancy erodes 5% of annual rental revenue.
Modernization Demands: Un-renovated apartments with original fixtures are harder to lease, as tenants increasingly expect modern, European-standard finishes with bright cabinetry, matching appliances, and contemporary bathrooms.