Rents Agreed at Shoreline Palm Jumeirah
Gareth Davies - Award Winning Broker and Property Consultant

The rental market at Shoreline, Palm Jumeirah has experienced consistent demand during the past year.

Rents at Shoreline have leveled off with no positive growth in the past 6 months. This is far better than the average rent for Palm Jumeirah which decreased by 19% during the past 6 months.
Demand during the summer was lower which might be due to the usual expatriates going on vacation and also because the price ceiling of affordability for Dubai wage earners is being reached.

Graph: Monthly Change of Rent Agreed (AED/sq.ft) for Shoreline Apartments

Graph: Monthly Change of Rent Agreed (AED/sq.ft) for Palm Jumeirah

The average asking rent / listing price was 16% higher than the average agreed rent in August. Landlords will need to be realistic with pricing during the summer months.
Unrealistic asking prices cause apartments to take longer to find a tenant.
Vacant apartments can cost a landlord each month the equivalent of 8.3% of rental income for the year.

European tenants expect accommodation fitted to European standards; contemporary style kitchens with white of other light-colored kitchen units, matching electrical appliances and light, bright bathrooms.
The largest rent increases have been for apartments with refurbished / upgraded kitchen and bathrooms, beach access and full, sea views.