Apartment rents still remain fiercely competitive in Dubai area forcing a decrease in rental returns for property investors, with property developers now financing and recommencing delayed projects is leading to an oversupply of Properties in Dubai , Now Prospective property tenants are looking for great deals and have a quite a wide choice of apartments to choose from, Whilst there is apprehension with property buyers looking for the market to stabilise there is an abundance of willing tenants but can now afford to be choosy and demand aggressive deals for their tenancy agreements, especially in the forthcoming summer months where traditional real estate activity subsides with the higher temperatures in the Emirate
Whilst traditional areas within the property commuter belt stay extremely popular i.e Dubai Marina and JLT, outlying areas remain deflated and with more affordable accommodation in these key areas, property tenants are migrating inwards, driven by the low prices and the appeal of public transport like the Dubai Metro system which is now fully operational on the first line.
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