Dejavu Properties – The best real estate broker in Dubai

Posted by John Smith on August 27th, 2019

The real estate market in Dubai is extremely growing whether buying or renting. The answer to the question "What is the price of an apartment in Dubai?" It depends on many factors.

In addition to the usual points such as location, size, and equipment, the structure plays an enormous role. And in the United Arab Emirates, this is a constant up and down. Even within a year, the prices for equivalent homes can easily change by 30%.

For example, in 2014, the successful bid to host Expo 2020 led to a sudden price explosion. Conversely, the crisis in 2009 created enormous vacancies. Houses and apartments were thrown on the market for a fraction of the price of previous years.

Rent apartment or house:

If you are looking for Rent Townhouse in Dubai or Buy Apartment in Dubai, you can explore through hundreds of studios, 1-bedroom, 2-bedroom apartments or larger apartments and villas are offered there.

Life in Dubai is expensive but if you will compare it with other US and UK cities, it is cheap and affordable. Therefore, more and more foreigners live in other Emirates and commute to Dubai.

Rent Townhouse in Dubai is usually closed for one year. The rent is still paid by check and is due in advance, usually for the whole year. In rare cases, you can agree with the landlord on several checks per year. These are then predated for the entire year and deposited with the landlord.

The tenant contract also determines when tenants and landlords inform each other about a possible extension of the contract. Officially, there is a kind of rental price brake in Dubai.

If the current rent is well below the average price of comparable apartments, price increases of up to 20% are possible. A smaller distance to the average rent reduces the possible increase. However, there are ways in which landlords can circumvent these regulations.

For example, it happens again and again that tenants are terminated because the landlord wants to sell the apartment allegedly and without a tenant. After successful termination, however, he then spontaneously decides to keep the apartment and rent it again at a much higher price.