The Fairmont Residences - Rents Agreed - Market Trends

Rents Agreed in Fairmont Residences and Market Trends

Author: Gareth Davies - Award Winning Property Consultant

• The rate of rental growth at Fairmont Residences and at Palm Jumeirah generally, has slowed to more sustainable levels when compared to the growth during 2023.

• The affordability of rent payments creates a “ceiling rent” in any location and is linked to disposable income and wage increases, if any.

• Beach access and views of the sea still important requirements. Apartments should be bright and light and any furniture should be in good condition to meet the expectations of the many European and North American tenants.

Graph: Monthly Rental Change - Fairmont Residences

Source: PropertyMonitor.ae

Graph: Monthly Rental Change - Palm Jumeirah

Source: Property Monitor

Rents Agreed at Fairmont Residences

Source: PropertyMonitor.ae

Source: Property Monitor

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