Shoreline - Rents Agreed - Market Trends
Rents Agreed at Shoreline Palm Jumeirah
Gareth Davies - Award Winning Broker and Property Consultant
The rental market at Shoreline, Palm Jumeirah has experienced consistent demand during the past year.
Rents at Shoreline are leveling off with only 2.55% growth in the past 6 months.
Demand is consistent but maybe the price ceiling of affordability for Dubai wage earners is being reached.
Source: Property Monitor
The average asking rent / listing price was 23% higher than the average agreed rent.
Unrealistic asking prices are causing 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.
Source: PropertyMonitor.ae
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.
The largest rent increases have been for apartments with refurbished / upgraded kitchen and bathrooms, beach access and full, sea views.
Rents Agreed to New Tenants at Shoreline
J-Type. 1 Bedroom Ground Floor (source: PropertyMonitor.ae)
B-Type.1 Bedroom (source: PropertyMonitor.ae)
D-Type. 2 Bedrooms (source; PropertyMonitor.ae)
Type E. 2 Bedrooms (source: PropertyMonitor.ae)
Type F. 2 Bedrooms (source: PropertyMonitor.ae)
Type A. 3-Bedrooms (source: PropertyMonitor.ae)
Type C. 3 Bedrooms (Source: PropertyMonitor.ae)
Penthouse - 4 Beds (source: PropertyMonitor.ae)
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