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Property rental prices in Dubai have reportedly recorded a decline of 3 percent in the third quarter of this year. If you've been eyeing Dubai to start your business or for studies and any other purpose, and if the high rents of properties bothered you, let us announce, Dubai is calling you. The rental prices of residential units in Dubai have seen a considerable dip over a few years. Since the third quarter of last year, there has been an all total of twelve percent dip in the residential unit rental prices in Dubai, reports Gulf News. If the twelve percent dip in two years sounds exaggerated, you'd be amazed to know that overall, there has been a 35 percent plummet since what has been called a peak year, that is 2014, according to a property management company in the UAE. How has the Declined Price Impacted the City's Real Estate Landscape?According to Gulf News, the plummeted prices have given more stability and control in the City's real estate market, with more people flocking to grab their share of the property. Now there is more choice among buyers that too at prices to suit their budgets. This price fall has also led to more and more people getting access to properties with more bedrooms, at better locations, in their budgets. "It is encouraging to see so many people starting families and settling into life in Dubai," writes Ashfak Ahmed of the Gulf News. Upgrade to Affordable Premium?Although the fall of real estate rents, which has reportedly been heavily documented from the period of August 2018 to August 2019 have negatively impacted the real estate market. But this decline is the reason more and more people can move in from "apartment to villa." But this "apartment to villa" structure of property mobility is not the only way. British-owned estate agent from Dubai- Allsopp & Allsopp finds in its report that the reverse is also prevalent. Some people are saving extras by downgrading to cheaper rents in Dubai. It's About Time You Look Out For Dubai Visa ServiceIf you've been looking to reside in Dubai, the time is for you now. With property prices declined considerably, you'll surely save bucks in your home, apartment, or residential rent. Apply for a Dubai visa service now. With Business Link UAE's Dubai Visa Service, all you'll do is to look out for the best property you can rent, and we'll do the rest. Why Pro Services?Pro services by Business Link UAE are necessary when you’re looking to shift your residence to Dubai as a foreign investor, or a foreigner. From passport-clearance, getting employee visa, labour and immigration cards to securing trademarks and copyrights for your business, and everything in between, PRO services are a must.
All these are must when you want to shift to Dubai with a business, and is as important as securing a residence in the city. You may also like:
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