Shoreline Apartments: April Rental Review
The Long-term Lease Market since 28 February 2026.
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. During March the Shoreline rental market was in a wait-and-watch pause phase. A large proportion of the tenants viewing apartments at Shoreline were like “window-shoppers” and not committing to transactions. However, the ceasefire period has resulted in some positivity and a larger number of tenants have been prepared to sign long-term leases.
Data Source: Property Monitor
During March and April the effects of geopolitical conflict were similar to the first few months of the Covid-era:
tenants delaying commitments.
more requests for 1–2 month extensions of current tenancy contracts enabling tenants to assess movements in asking rents and their job security in the event of the conflict becoming prolonged.
lower rents agreed on some fresh tenancies - particularly where apartments had been vacant for 4+ weeks.
more negotiation on payment terms such as the number of cheques and/or early termination clauses 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.
Ejari Registered Leases to New Tenants since 28th February.
The following tables show the rents agreed of leases to new tenants where those particular apartments were also leased to new tenants since 2023. This approach removes the effect of the Dubai Rental Index on rents registered on lease renewals so that the figures shown are the current market rents which are agreed in the prevailing market conditions.
It is noticeable that there have been more rental discounts agreed by landlords on the Park-side of Shoreline than on the Beach-side. The main reason for this that many tenants have offered lower rents because of the loss of amenities and intrusive construction noise during the proposed year-long renovation of Ittihad Park.
The improvement in leasing activity during April has been partly due to the effect of the ceasefire but also rent discounts or multiple-cheques payment plans being offered by some landlords. This is a pattern which is consistent with a market adjusting form the initial wait-and-watch pause.
Rents Registered at Ejari for New Tenants.
Type B : 1-Bedroom. Beachside.
Data source: Property Monitor
Type B : 1-Bedroom. Parkside.
Data source: Property Monitor.
Type D : 2-Bedrooms. Beachside.
Data source: Property Monitor
Type D : 2-Bedrooms. Parkside.
Data source: Property Monitor
Type E : 2-Bedrooms. Beachside.
Data source: Property Monitor
Type E : 2-Bedrooms. Parkside.
Data source: Property Monitor
Type F : 2-Bedrooms. Beachside.
Data Source: Property Monitor
Type A : 3-Bedrooms. Beachside.
Data source: Property Monitor.
Type A : 3-Bedrooms. Parkside.
Source: Property Monitor
Type C : 3-Bedrooms. Beachside.
Data Source: Property Monitor
Type C : 3-Bedrooms. Parkside.
Data Source: Property Monitor
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