Betterhomes, a Dubai based brokerage has reported that 23% annual increase in rental listings for the month, with a 16% decline in enquiries from tenants. However, a company representative told The National that the rise refers to Betterhomes’s own long-term rental listings. This was not inclusive of Airbnb or any other short-term rental dynamic.
“That said, part of the increase has come from short-term landlords moving their properties into the long-term rental market, as well as some owners choosing to rent out their property for now rather than sell.”
Representative, Betterhomes
The representative added that areas with a higher volume of short-let apartments are areas such as Dubai Marina, Downtown Dubai and Business Bay.
In Betterhomes’s report it also mentioned that the strongest search volumes on the property portals are for Dubai Marina, Business Bay, Dubai Silicon Oasis and JVC.
“We are seeing many of the same questions from both tenants and landlords, particularly around demand, pricing, and how the market is evolving.
“What matters now is stepping back from the noise and focusing on what the data is actually showing. The market remains active, but outcomes are increasingly shaped by realistic pricing, strong presentation, and a clear understanding of tenant behaviour.”
Rupert Simmonds, Director of Leasing, Betterhomes
A survey issued by Redseer Consulting found from the 39% of respondents who had initial plans to buy property in the UAE prior to the war, only 9% have cancelled them. But 52% have delayed the plans until the situation levels out.
The report also indicated that 41% expect an increase in rent over next six months, in contrast with 27% who expect a decrease.
The image on rental values appears to be a mixture as opposed to market wide, according to Betterhomes. The current situation indicates to affect sentiment, household finances and decisions about property.
“Some landlords have reduced rents, while others have held firm. What we are seeing is that landlords who are pricing realistically and offering greater flexibility on contract terms are securing active tenants more quickly.
“Properties that represent clear value for money are continuing to attract attention from tenants looking for some relief on rent. The picture is still more balanced than bearish. Trust in the UAE system remains strong, many expect the disruption to be short-lived.
“That suggests the first impact on property is likely to be slower decision-making and weaker transaction momentum, not necessarily a sharp repricing.”
Sandeep Ganediwalla, Partner, Redseer
