Press release
How Dubai’s Property Market is About to Change Forever..
Given the downturn in the Oil and Gas industry and the knock-on effects that this has had on the overall numbers of expatriates leaving the UAE, Dubai is still moving forward at full pace on its path to the EXPO 2020. A sizable number of new property developments, both apartment complexes and gated villa compounds are still being announced daily in a bid to capitalize on the population and tourism growth that Dubai’s leaders have projected will occur for the next 3-4 years.At Echo-Xpats, the biggest question that the majority of our inbound relocating clients are asking at this stage is ‘are rental prices dropping and will it continue?’
The simple answer to this question is yes and in our opinion the decrease in rental prices does not look like it will stop anytime soon. One of the main contributing factors to this market shift is quite simply down to the traditional supply and demand model as more and more apartment complexes are being handed over every month giving prospective renters a massive choice of affordable and upscale apartments to choose from.
At Echo-Xpats our inboxes are bombarded every day with pre-launch offers of off-plan properties that have yet to break ground or ‘last few remaining’ offers for apartments, supposedly deals of a lifetime! This explosion of residential and commercial properties from seasoned companies such as Damac Properties and Dubai Properties have seemingly appeared from out of no where meaning the supply will still continue long after 2020.
One factor that we feel is making an impact on certain established expatriate housing communities is the age and condition of the properties themselves. A prime example of a location that has seen a significant drop in rental prices is the Springs community within the Emirates Living District. The first phase of the Springs was handed over in 2003-2004 and as we approach 2017, the villas are now in many cases suffering from neglect and dated interior features that put many would be renters off the development.
There are many other examples of housing areas that have also suffered from a similar fate and are now in desperate need of refurbishment, renovation and an overall investment in the property to bring it back in favor with families moving to Dubai.
Flagship real estate developments such as the Palm Jumeirah have also seen a slight decrease in rental price although nowhere near as prolific as the Dubai Marina, which has suffered the most out of the “New” Dubai’s housing areas. A two-bedroom apartment in the Dubai Marina in a reputable quality building has now dropped to below AED140,000 per annum which is coming dangerously close to prices in the 2009-2010’s real estate crash.
Companies that are still relocating to Dubai are realizing this shift in prices and are capitalizing on this depressed market condition, offering individuals less annual housing allowance and protecting their cash flow by paying landlords in multiple cheques rather than the Dubai norm of a single installment.
Overall, Dubai’s outlook is certainly gearing up to be one of great things, with massive scale tourism boosting projects such as the Dubai Canal Project and the Dubai Parks and Resorts theme park first phase that opens late 2016.
The positive news for Relocation Companies and individual Renters in Dubai is the huge choice and range of quality properties that are now available to more people than ever before!
Echo-Xpats Is The Premier Relocation Provider In The Middle East.
Echo-Xpats Relocations has been operating in the Middle East for over 10 years and offer a turnkey approach to relocation. Whether corporate or individual, our mission and company ethos is to provide exceptional levels of inbound and outbound relocation support. As a Eura accredited destination service provider we benefit from a global network of affiliates and can assist in all aspects of relocation.
7th Floor, Opal Tower, Business Bay
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release How Dubai’s Property Market is About to Change Forever.. here
News-ID: 365340 • Views: …
More Releases from Echo-Xpats

Dubai-based Relocation Consultancy Sets its Sights to Become the Largest Relocat …
Dubai, United Arab Emirates - Sunday, 27th March 2016
In late 2015 existing shareholder Ashley Thornton and new investor and Managing Partner David Donnelly acquired Echo-Xpats Relocation Consulting with the ambition to, “become one of the largest Relocation and Change Management Consulting Companies in the world,” expressed David. Echo-Xpats was founded in the United Arab Emirates and has been successfully providing relocation services in the Middle East for more…
More Releases for Dubai
Shipping Companies Dubai
Aiwa.ae stands out as a premier platform for discovering the best shipping companies in Dubai, offering unparalleled logistics solutions tailored to diverse needs.
Whether you're a business seeking efficient cargo transport or an individual requiring reliable delivery services, aiwa.ae connects you with top-tier providers known for their excellence in the industry.
Dubai, a global trade hub, demands fast, secure, and cost-effective shipping, and aiwa.ae ensures you partner with companies that…
Interior Fitout Company in Dubai | Fitout Contractors in Dubai
Best Interior Fitout Company in Dubai
USBC Interiors is a leading interior fitout company in Dubai, featuring a passionate and versatile team of multidisciplinary designers dedicated to bringing your ideas to life. Our experts focus on crafting innovative solutions that enhance user experience, promote sustainability, support well-being, and deliver the best return on investment for our clients' businesses. Throughout the project, our team will guide you through the creative process, customizing…
TechAid Dubai: Your Partner for Expert IT Consultancy Services in Dubai
Dubai, UAE, 2nd December 2024: TechAid Dubai could not be more proud to deliver its extensive array of IT Consultancy Services in Dubai. It is a leading provider of IT services, emphasizing creative and tailored technological solutions. TechAid Dubai enables companies to maintain their competitiveness in today's day and age of rapid digital advancement.
Access The Best IT Consultancy Services in Dubai 2025: There has never been a greater…
UAE Engineering Company,UAE Engineering Consulting, Dubai Construction Contracti …
Altran
CB & I
DEC Dynamic Engineering Consultants
Dash Inspectorate Inspection Services
G3 Engineering Consultants
McDermott Middle East Inc.
NAFFCO FZE
https://szwatches.cn/
Free engineering construction consultation
Email:nolan@wholsale9.com
TRS Contracting and Decoration LLC
ABS Consulting
Business Consulting FZ LLC
BHP ACE
BSCIC Certifications Pvt. Ltd
Centaur Asset Management
City Services Consultancy
D&A Consult
Euromonitor International
Janus Global Operations
Kristina Zanic Consultants
Middle East Global Advisors (MEGA)
https://szwatches.cn/
Free engineering construction consultation
Email:nolan@wholsale9.com
Mployii
Quant BIZ
Alderley FZE
Bhatia Brothers FZE
Borr Drilling
Cape Regional Services Dmcc
Dash Inspectorate Inspection Services
Deltachem Middle East LLC
Emarat
Emirates Industrial Laboratory
Emirates National Oil Company (ENOC)
Eversendai Offshore RMC FZE
Global…
Dubai Events presents iLounge Dubai at Fogo de Chao
- an excusive entertainment addition to the city’s nightlife -
The countdown to National Day weekend has started; this season, the city will also celebrate the launch of The iLounge Dubai, an exclusive lifestyle and entertainment experience. Produced by Dubai Events, The iLounge is a new concept to hit the nightlife landscape and brings ultimate showbiz style hospitality to town. Debuting on 2nd December 2019 at Fogo de Chao, Central…
Dubai Tourism Inaugurates HITEC® Dubai 2018
HITEC Dubai 2018, the Middle East’s largest hospitality technology exhibition and conference, was officially inaugurated today by Issam Kazim, CEO, Dubai Corporation for Tourism and Commerce Marketing (DCTCM). Co-produced by Hospitality Financial and Technology Professionals (HFTP®) and Naseba, this year’s expo, which is taking place at the Madinat Jumeirah Dubai from 5-6 December, is showcasing a wide range of innovative solutions from the world’s leading hospitality technology providers.
Travel technology has…