Rents Agreed at Shoreline Palm Jumeirah
Gareth Davies - Award Winning Broker and Property Consultant

Rents at Shoreline.

Increased by 5.99% in the past 12 months.
4.9% of that growth was during the past 6 months.
Demand
Since 2022 rents have increased more quickly than the average wage increases tenants have been earning.
The price ceiling of affordability for many Dubai wage earners has been reached. This has caused a reduction tenants searching within the community during Quarter 1 of 2025.
The expectations of many landlords to receive 1-cheque of 2-cheques rents has also affected the amount of tenants who can enter the market.
Landlords insisting on 1-cheque will often have to wait longer to find a tenant who has the cash-flow or savings to afford the single rent payment.
The average asking rent / listing price was 16% higher than the average agreed rent in March. Landlords will need to be realistic with pricing during the summer months.

Unrealistic asking prices cause apartments to take longer to find a tenant.
Vacant apartments can cost a landlord each month the equivalent of 8.3% of rental income for the year.

European tenants expect accommodation fitted to European standards; contemporary style kitchens with white of other light-colored kitchen units, matching electrical appliances and light, bright bathrooms.
The largest rent increases have been for apartments with refurbished / upgraded kitchen and bathrooms, beach access and full, sea views.