With thousands of new villas for rent in Dubai entering the Dubai rental and sale market this year it is possible rental rates from 2016 may be more affordable for potential tenants and buyers. Rates and demand are dependent on the popularity of the property’s area and general community, however, greater availability of competitive stock bodes well for all. When exploring options for villas for sale in Dubai or when considering whether to buy Dubai villas the completion of new residential projects enabling the release of these new properties means greater choice for landlords looking for investment opportunities and for existing residents who need a more affordable rental option. For some time now property rates in Dubai have been perceived as pricey when compared to those in Abu Dhabi where rates tend to be higher and choice lower, so a more competitive Dubai property market offering more affordable rates for those considering villas for rent in Dubai and villas for sale in Dubai only enhances Dubai’s reputation as a great place to live.
However, lessons from Dubai’s real estate not so distant past should be kept close at hand in order to avoid an increased pace in future project launches that oversupply the market which includes projects placed on hold in earlier years and now re-launched in order to take advantage of potential ready buyers looking to buy Dubai villas for sale to potential renters looking for a better property option. Investors considering higher end villas for sale in Dubai need to be wary of over-estimating the future renter by investing in too many luxury units without a solid buyer or renter base ready in the wings. When developers find it a challenge to meet their sales targets investors suffer and may need to make adjustments to their confidence in choosing high end property investments over lower to mid level real estate investments. Advice for existing and future renters considering villas for rent in Dubai is to amply explore the development in question to ensure the rental rate is fair and what the residential community has to offer is worth the housing allocation per month. With so many choices for renters and buyers in the fast developing Dubai property market and with each community offering such a variety of lifestyle amenities how much to spend on where you live is just one of the many questions up for discussion when considering whether to rent or to buy.