The rental growth of Dubai property was lower in Q1 and Q2 than it has been for some time so we researched the market and spoke to some industry experts for their opinions on the Dubai property market and their thoughts on the rental slowdown.

The common feedback we have received is that it is only a temporary glitch and that there is still a huge demand for residential homes and property which is still continuing to outstrip the actual supply of properties available, making Dubai property one of the best markets in which to invest.

Here at Sylvianco International Property we dug deeper and got some feedback from Asteco who are one of the largest and most well known property services businesses operating throughout the Unites Arab Emirates (UAE). They said that they have seen a rental growth of 22% over the 12 month period (July 2007 to June 2008) and that the rental market for Dubai property this year has been pretty much stable.

We have found data that indicates that the rises in rentals for Property in Dubai year on year were up massively in some areas of Dubai although much of it has been stable since January 2008.

Some of the largest rental growth in Dubai was recorded within property at Sheikh Zayed Road coming in at a staggering 51% closely followed by Bu Dubai at 42% and Ghusais at 40%

To give you an idea of just how popular property remains in Dubai if you look at Burj Dubai, which is plagued by heavy traffic, property sales are still extremely high with occupancy running at 90% to 95%.

Mike Knivett a director of Planet Viva who specialise in overseas property and particularly in Dubai property said that all talk of a slowdown in rental growth in Dubai will certainly be a short term thing as their statistics are showing a huge surge in people enquiring about property in Dubai. Mike went on to say “There is so much new commercial area being finished off within the next 2 years such as the new building developments, shopping centres, hotels and golf courses, Dubai is going to need more and more workers to help with these massive projects. This huge workforce will need somewhere to live during their time in Dubai and this is going to just increase the demand for property rentals in Dubai which is excellent news for the property investors in Dubai.”

Some of the most popular property developments in Dubai are still seeing huge interest from a number of property investors like the magnificent Dubai Sports City, The World Development and the newly released Zero Five Zero at Waterfront in Dubai

Keeping checking back for more Dubai property news or take a look at our Dubai property pages for more information on specific projects in Dubai.