Dec. 15, 2011
-- The trend of rental apartments in Dubai is escalating as despite the recession, living cost is very high and the prices of Dubai real estate are beginning to stabilize. More and more people are searching for rental apartments and properties to avoid paying handsome amounts in order to buy properties. Therefore, these people (who do not have plans to stay in Dubai for a long period of time) prefer to take benefit from this current trend in the United Arab Emirates. It is good news for realtors in Dubai who were previously finding it hard to find tenants for properties but now they can easily give their properties on lease at quite good rates and people find it quite affordable to live in rental apartments.
Dubai real estate market is stabilizing. Therefore, many businesses are being transferred over there from other regions of the world. Good times are just around the corner and it won’t be long when more and more investors will come back to Dubai and invest in Dubai real estate. Even it is good news for the neighbouring states of Dubai, such as Abu Dhabi where businesses and employees are also shifting from other regions of the world.
For Dubai however, the situation could not get any better. The market now favours those who deal in Dubai properties. To fully benefit from this situation, the landlords have opened up their apartments for accommodation and that, so far, has worked well for all the parties involved.
This way the rental apartments of Dubai have taken up the role to facilitate the employees and people in Dubai who cannot afford expensive villas to rent in Dubai.
About Bayut – The site is regarded as the prime real estate property portal of Dubai in particular and the UAE in general. The site contains extensive listings of properties for rent and sale not just in Dubai but the rest of the UAE as well. All the listings on the site are regularly updated and verified bringing both the sellers and the buyers on the same