Fifty percent of Dubai residents have seen their rent decrease in the same property within the past year, according to the results of Time Out’s recent Renting in the UAE survey.
The survey, which polled 1,500 adult residents of Dubai, asked residents to state how the cost of their rent had behaved in the past year, with 50 percent stating it had decreased in the same property, 28 percent saying rent had stayed the same, 9 percent saying their rent had increased following a move to a larger property or different area and 8 percent saying their rent decreased following a move to a smaller property or different area.
Just five percent of respondents said their rent had increased in the same property.
Responses reflect analysis of the rental market by property firms based in the UAE, with most industry observers noting an average rent decrease in Dubai of ten to 15 percent year on year.
The UAE’s one-cheque culture also appears to be well on its way out, with just 14 percent of Dubai residents paying their annual rent in one lump sum. Forty percent of respondents said their rent is paid in four cheques, 13 percent in two cheques, 11 percent in six cheques and 10 percent in 12 cheques.
Time Out’s Renting in the UAE survey, which collected responses from adults living in Dubai and Abu Dhabi, ran from August 30 to September 23, 2020, polled 1,500 individuals in Dubai and 700 individuals in Abu Dhabi.
For the full Dubai-specific results of Time Out’s Renting in the UAE survey, click here to read the latest issue of Time Out Dubai.
For more on Time Out’s Renting in the UAE survey, click here.
