Rents could fall by 10%

Main Page
News
Property News
Rents could fall by 10%

28.01.2015

Rents could fall by 10%

UAE is going to enter a period of welcome stability, according to JLL Mena. While rents may fall, the market will not suffer drastic consequences.

UAE's real estate market is deflating. At least that's' what real estate consultancy JLL Mena says.

“[However], this time’s different from 2008 — there are far fewer developers and they are being smarter second time around,” said Alan Robertson, CEO of JLL Mena. “They are keeping an eye on the demand side better and have in place better methods to gauge it. They are also getting better at tweaking the mix of the coming supply.

JLL has issued a report detailing eight key trends that could show up on the UAE’s real estate radar this year, which would be a period of ‘welcome stability’ and during which residential values could soften by ‘up to 10%.

Latest Availability

Latest property news

21

11.2021

DLD signed a memorandum of understanding with IMEX Real Estate

09

06.2020

Dubai housing total Q1 transactions value amounted to US$5.44 billion.

07

06.2020

Discounts, bonuses, easy payment plans flooded Dubai housing market

02

06.2020

Support for the UAE real estate sector in quarantine times: key measures

30

05.2020

Do tenants in the UAE need to move out immediately if their home is sold?

26

05.2020

Dubai developers ready to new projects despite COVID-19

Request a call back

Call management

Lease process (Rent out)

Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

copy of the passport
copy of the certificate of ownership

Ad placement

1 day

Ad placement:

20 real estate portals;
client base of the agency;
profile exhibitions, etc.

Signing of the lease agreement

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)

Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Up to 5 days

Real estate search.

Selection of optimal options.

Signing of the lease agreement

Up to 2 days

Signing of the lease agreement

Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process

Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.

Property Selection

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale

Customer charges:

2% from purchase at transaction
4% - registration of the transaction at registration

Additional services:

Property management

Sales Process

Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

copy of the passport
copy of the certificate of ownership

Ad placement

1 day

Ad placement:

20 real estate portals;
client base of the agency;
profile exhibitions, etc.

Signing of the lease agreement

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

None

the management process

Contract of the owner and agency

1 hour

Contract of the owner and agency

Rendering of management services

1 year

Rendering of management services

Reporting

1 day

Reporting

Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process

Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.

Selection of optimal investment options

From 3 days

Selection of optimal investment options

Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale

Expenses of the investor:

2% when investing in the secondary market
0% when investing in a new building
4% - registration

Additional services:

Property management