Golden Mile - Rents Agreed - Market Trends
Rents Agreed and Market Trends in Golden Mile, Palm Jumeirah.
The monthly rental growth for Golden Mile apartments was almost 10% during the past 12 months but the growth has levelled-out during the past 6 months.
This follows the trend for many communities where the affordability of people working in Dubai “gets stretched and a rent ceiling has been reached”.
Golden Mile : Rental Growth (AED/sq.ft)
Source: PropertyMonitor.ae
Rents Agreed to New Tenants at Golden Mile
Source: PropertyMonitor.ae
Source: PropertyMonitor.ae
Source: PropertyMonitor.ae
Golden Mile specialist Gareth Davies - Award Winning Broker says:
From the enquiries and rental deals in which I have been involved, I have noticed the following: -
During 2024, most of my enquiries have been from British citizens “escaping the inflation, increased interest rates and political problems” being experienced in the United Kingdom.
Apartments with kitchen and bathrooms fitted and presented to European standards were achieving premium rents compared to apartments with original, dark kitchens and bathrooms.
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