UAE- Dubai Marina, Al Majaz in Sharjah, and Al Reem Island were among the main areas for rental demand in the UAE during the first quarter of 2021, provided in a new report.
These numbers were provided by Property Finder on Wednesday dependent on the number of searches on its portal during Q1.
The report provided that more people are now choosing for less number of cheques than the last years as landlords choose to negotiate on costs rather than the number of cheques.
“Top searched terms across the UAE were no commission, chiller free, private, and stand-alone for villas/townhouses. Chiller free was common because the summer months are coming and the electricity bills are going to be higher because of AC usage. Also, with the tremendous amount of stock in the market, there are a number of agencies that are working with developers providing consumers with no commission structures and lucrative deals so they can attract more renters,” says Lynnette Abad, director of research and data at Property Finder.
Dubai
In Dubai, the main areas for rental demand were Dubai Marina (12.3 percent) then comes Downtown (7.3 percent), Business Bay (6.4 percent), Jumeirah Village Circle (4.9 percent), and Palm Jumeirah (4.6 percent) for apartments.
About 10.3 percent of the searches were for studio apartments, 18.8 percent for 1-bedroom apartments, 17.5 percent for 2-bedroom apartments, and 7.9 percent for 3-bedroom apartments. The main searched keywords were chiller free, brand new, balcony, sea view, and metro.
For villas, the main areas for rental demand were Jumeirah (7.1 percent) then come to Dubai Hills Estate (6.2 percent), Umm Sequim (5.4 percent), Arabian Ranches (4.9 percent), and The Springs (4.5 percent).
About 17.4 percent of the searches were for 3-bedroom units, 13 percent for 4-bedroom units, and 9.4 percent for 4-plus bedroom units. The main searched keywords were a pool, new, modern, upgraded and independent.
Abu Dhabi
In Abu Dhabi, the rental demand was surpassed by Al Reem Island then comes Al Raha Beach, Corniche Road, Khalifa City, and Al Khalidiya. Main searches were for studio apartments, then comes 1-bedroom, 2-bedroom, and 3-bedroom apartments. The main searched keywords were new balcony, sea view, no commission, and parking.
For villas, the rental demand was surpassed by Khalifa city then comes Mohamed bin Zayed City, Yas Island, Saadiyat Island, and Al Reef.
Sharjah
In Sharjah, the main areas for rental demand were Al Majaz then comes Al Nahda, Muwaileh, Al Taawun, and Al Khan. The main searches were for studios, 1-bedroom apartments, 2-bedroom units, and 3-bedroom apartments. The main searched keywords were chiller free, brand new, no commission, sea view, and balcony.
For villas, Sharjah’s main areas for rental demand were Al Heerah then comes Al Riqqa, Muwaileh, Halwan, and Al Badie. The main searched keywords were new, chiller free, pool, modern and independent.
Northern Emirates
In other northern emirates, Ajman’s main areas for rental demand were Ajman Downtown then comes Al Naemiyah, Corniche Road, Al Rashidiya, and Al Rawda.
In Umm al Quwain, the main areas queried for rental demand were Al Maidan then came Al Madar, UAQ Marina, Falaj Al Moalla, and Al Salam City.
In Ras Al Khaimah, the main places for rental demand were Al Hamra Village followed by Al Marjan Island, Mina Al Arab, Al Nakheel, and RAK Corniche.
In Fujairah, the main places for rental demand were Dibba followed by Sheikh Hamad bin Abdullah Street, Downtown Fujairah, Sakamkam, and Khor Fakkan.