If you have been looking forward to upgrade to a bigger house in Dubai. You will be surprised to get affordable villas for sale in Dubai in luxurious locations. As the inventory of residential properties continues to grow, landlord and developers are luring tenants with very attractive deals that are hard to resist. But will the trend continue in 2019?
According to real estate experts, tenants will get pretty bargains for some time after which prices will stabilize.There was a huge drop in both rental prices , with a decrease of up to 30% in some cases. Currently, the Dubai property market is sitting on a bottom curve but more vacant units are expected to be absorbed. Top real estate brokers in Dubai indicate that renters will continue enjoying a drop in prices in the near future due to the huge inventory of units on the market. Currently, there are over 100,000 units under construction and are expected to be completed soon. As a result, rental prices in will come down drastically, see new suburbs Bluewater Residences Dubai or Emaar Beachfront apartments coming up. How to secure a great deal
Follow the Rent Index- This will provide you with an idea of the average rent in different parts of the city. Also, you'll see how much the landlord is supposed to increase the rent.
Check property listing- Go through newspapers and online property portals to find out the average asking price in different areas.
Due diligence-Once you have zeroed on an apartment, do your due diligence on the landlord from existing or former tenants.