MIKE COADY

Financial Expert | Business Excellence | Growth Expert
Mike is an award winning financial expert and a well-known leader in the financial industry. Having taken two of his previous firms to Chartered Status in the UK and also achieved the prestigious National IFA of the Year Award – Highly Commended. In addition, Mike is qualified to UK Financial Conduct Authority (FCA) standards, a member of the Chartered Insurance Institute, a Fellow of the Institute of Sales Management (FISM), and a Fellow of the Institute of Directors (FIoD).
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Why you should be re-negotiating your rent in Dubai

Mike CoadyExpat Advice Why you should be re-negotiating your rent in Dubai

Why you should be re-negotiating your rent in Dubai

Before renewing your rent, make sure you re-negotiate and hard… Here’s why!

Year on year, Dubai apartment rental rates have declined an average of 11%, and Dubai villa rental rates have declined an average of 9%.

Thinking of moving or renegotiating your rent? Here’s how rental rates have changed across the major areas in Dubai:

Apartments:
DIFC: -10%
Downtown: -10%
Palm Jumeirah: -12%
Sheikh Zayed Road: -10%
Business Bay: -13%
Dubai Marina: -8%
The Greens: -14%
JBR: -12%
JLT: -16%
Deira: -10%
Discover Gardens: -11%
Dubai Sports City: -14%
International City: -9%
Jumeirah Village: -16%

Villas
Arabian Ranches: -8%
Dubai Silicon Oasis (Cedre Villas): -3%
Dubai Sports City: -8%
Jumeirah: -8%
Jumeirah Park: -6%
Jumeirah Village: -14%
Meadows: -10%
Mirdif: -14%
Palm Jumeirah: -9%
Springs: -10%
The Lakes: -14%
Umm Suqeim: -8%

Jumeirah Lakes Towers and Jumeirah Village are among the areas with the biggest decline in annual rent with a 16% decrease compared to this time last year…Between January and March 2019, apartment and villa rent in Dubai fell by an average of 3% vs. Q4 of last year.

Happy re-negotiating!

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