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According to the poll from dubizzle Property, 61 per cent said they had successfully reduced their rent in the past 12 months, with 17 per cent of those polled securing a decrease of more than 15 per cent of their annual rent. Real estate rental prices have been declining throughout 2021.
The average rental price in Dubai decreased by 9.8% in September, while in Abu Dhabi rental prices decreased by an average of 11.2%.
«Real estate in the UAE is becoming more and more affordable, which means that tenants have more opportunities to negotiate in order to guarantee the provision of a market price for their property», said Samer Abdin, general manager of dubizzle Property.
More than a third of renters (35%) use online real estate platforms and the Dubai Land Department calculation system as a means of comparing real estate prices.
Mr. Abdin added: «When making an important decision about where to live, we recommend that users conduct research to make sure they get a competitive rental agreement. As the UAE moves further in favor of tenants, it is becoming an increasingly competitive and attractive place to live».
