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Trend for Dubai property rents to be paid upfront

16/05/2011 - Dubai Property News Posted by Bob Brunskell
Dubai property investment opportunity - The First Group
Trend for Dubai property rents to be paid upfront
There is an increasing trend for Dubai property rents to be paid one year upfront, giving tenants a discount.Emirates 24/7 noted that this is particular trend is found in Discovery Gardens in Dubai, with property owners offering discounts of up to two months rent-free if tenants pay for one year in a single cheque.Government-owned developer Nakheel if offering studios in Discovery Gardens for Dh25,650 if paid in one, while paying in six-month chunks will see a slightly smaller discount of Dh26,350 a year.It also suggested that the trend could soon branch into other residential districts of Dubai, including Dubailand, Marina, Jumeirah Lake Towers, Sports City and Motor City.Discounts are largely focused on lower-end properties.A recent report from Cluttons, highlighted by the news provider, found that rents in the lower-end market fell in the first quarter of 2011 by eight to ten per cent compared to the previous three months.  
Dubai property investment opportunity - The First Group



    
    
       
	
    
	
	
    
    
    
    

    
    
    
    
    
    
    
   	
	
    
    
    
    

    
    



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