Poll: 62% of users negotiated a rent decrease in the last year
dubizzle Property, the UAE’s biggest and most visited Property platform, reveals that over 62% of users successfully negotiated a rent decrease in the last year in the UAE.
In a poll conducted of over 1,400 on the dubizzle platform in November 2018, over 900 users said they were currently renting property in the UAE. For those renting properties, 18% said they negotiated a decrease of more than 15% of their annual rent in the last year, with 7% negotiating a 10-15% decrease, 18% negotiating a 5-10% decrease, and 19% negotiating a decrease of less than 5%.
Survey results also reveal that UAE residents utilize several tools to increase their bargaining power with their landlords, with over a third (37%) citing online platforms like dubizzle Property and the Dubai Land Department calculator as a means to compare similar property prices to negotiate a decrease. Similarly, 19% of respondents cited reducing the number of rental cheques as a tool for negotiation, while 14% said maintenance and chiller fees were put forward for negotiation.
“Our survey data underscores the importance of platforms like dubizzle Property which provides users with a transparent and real-time view of the property market across the UAE, empowering them to make more well-informed decisions. With the UAE real estate becoming more affordable, property-seekers and tenants have more bargaining power to ensure they are getting an accurate market price for their properties,” commented Samer Abdin, General Manager, dubizzle Property.
“When making the important decision about where to live, we encourage users to do their research to ensure they are getting a competitive rental agreement. As the UAE moves further in favor of tenants and, it is becoming a more competitive and attractive place to live,” added Abdin.
Of the over 1,400 users surveyed on the dubizzle Property platform, over half (53%) of those who are renting are currently in a 1-2-bedroom property, with 28% residing in a studio apartment, 15% in a 3-4 bedroom and just 3% in a 5+ bedroom property.
dubizzle Property regularly reveals market insights to support property seekers with making well-informed decisions.
Total Sample Size: 1443 respondents
Rent vs Own
-Renters: 62% (905 out of 1443)
-Owners: 38% (538 out of 1443)
Renter Sample Size: 905
-Studio: 261 (28%)
-1-2 bedroom: 479 (53%)
-3-4 bedroom: 138 (15%)
-5+ bedroom: 27 (3%)
Have you successfully negotiated a rent decrease this year?
-My rent remained the same: 346 (38%)
-Less than 5% decrease: 171 (19%)
-5-10% decrease: 163 (18%)
-10-15%: 65 (7%)
-More than 15%: 160 (18%)
What did you negotiate when renewing your contract? *
-Price (Based on comparing similar properties online & DLD Calculator): 339 (37%)
-Maintenance & Chiller Fees: 128 (14%)
-Number of Cheques: 173 (19%)
-No Response: 346 (38%)
*Respondents chose multiple options for this question, so results are not mutually exclusive answers.
Owner Sample Size: 538
-Studio: 99 (18%)
-1-2 bedroom: 220 (41%)
-3-4 bedroom: 137 (25%)
-5+ bedroom: 82 (15%)