Dubai realty is a Win-win situation for home buyers and tenants

Dubai’s residential market is expected to remain highly attractive to occupants and buyers thanks to the wide variety of options available at competitive prices. In the short term, however, oversupply will continue to hamper the real estate market. Over 20,000 new residential units were delivered in 2018 and the projections for the remainder of 2019 are significantly higher, according to real estate services firm Chestertons. In the short term, oversupply will continue to dampen the value of Dubai’s residential real estate market. This is being compounded by several developer incentives, including five-year post-handover payment plans, registration fee rebates, freezing property service charges and guaranteed rental returns. Similarly, landlords are offering prospective tenants rent-free periods, multiple rent cheques, and even short term leases.