The growing value of Property In Dubai

An apartment or a flat is generally a self-contained housing unit, a type of residential real estate. Such a block of flats is often a part of a tower block or high-rise especially in the better developed parts of the world. Apartments may be owned by an owner/occupier by leasehold tenure or rented by tenants (two types of housing tenure). You can find such Property for Rent in Dubai also. It is preferable to rent an apartment when you move to a Dubai for a short career stint especially if you are not native to the place. One may not wish to pay the full price that ownership would need, and there are options for smaller payments over a specified period of time.

Property for Rent in Dubai

Often enough natives may also consider renting an apartment rather than buying it. Financial inadequacy is one of the main factors for this decision. It has been widely reported that the financial crisis of 2007–2010 may have contributed to the rapid growth of online rental marketplaces as consumers are more likely to consider renting instead of buying in times of financial hardship. Globalization has also contributed to this. Ever since Dubai started developing and adopted a more transient workforce consumers are increasingly searching for Dubai Properties for Rent.

Dubai Properties for Rent

 Apart from housing facilities, Dubai also offers prime retail and commercial space for rent. Designed as a venue for shopping, dining, and other services, these retail destinations offer indoor and outdoor retail space featuring cafés, restaurants, boutiques and retail outlets, sporting facilities and essential services. The Property in Dubai used for retail development is emerging as a key convergence point for the residents of the neighbourhood.

Dubai offers prime retail spaces for rent spread across the whole width and breadth. Situated in city centres and rapidly upcoming residential and business hubs, the portfolio of Property for Rent in Dubai offers retail opportunities with excellent footfall. Depending on the high-rise it is attached to, an outlet in Dubai Marina can command between Dh1, 800-2,500 a square foot, while those in JLT now averages Dh 1,500 a square foot. Those in DIFC currently command the highest value, befitting the master-development’s super-premium status, at between Dh2, 500-3,000 a square foot.