Discover an intriguing fact: August is the ideal month for house transfers in the United Arab Emirates, and here's the reason behind it.
August in the UAE: A Peak Rental Season
The UAE's property market experiences a surge in rental activity every August, making it an ideal time for those looking to move. This surge is primarily due to a combination of seasonal, financial, and lifestyle factors.
One of the key reasons for the increase in rental activity is the timing of the school holidays. August coincides with the summer break, making it an ideal time for families to relocate without disrupting their children's education.
Another factor contributing to the surge is the availability of lower rents and vacant properties. Many families vacate their homes during July and August, and landlords eager to fill these vacancies quickly offer competitive rental rates, sometimes below market average, creating attractive deals for tenants.
Strategic moving windows also play a significant role. Tenants use this period to time their moves effectively, often vacating in June or August and settling in before the new academic year begins.
This alignment of factors creates a win-win situation for both landlords and tenants. Landlords are able to cover their mortgage EMIs by renting out properties quickly at competitive prices, while tenants benefit from reduced rents and flexible availability.
Popular communities like Damac Hills, Dubai Hills Estate, Business Bay, and Dubai Marina see particularly strong demand during this peak rental season. Many tenants prefer furnished apartments for easier transitions during annual or semi-annual moves, and these neighbourhoods offer a variety of options to suit different preferences.
According to Mohammed Hashmath Raza, a sales manager at The Heart of Europe, the summer season is a peak time for relocations, particularly among families in the UAE. Raif Hassan Ikkeri, founder of Emaan Properties, also expects rentals to be lower during July and August due to many families vacating homes.
SM Ayaz Zakir, a Senior Correspondent known for capturing compelling news and human interest stories from every corner of the UAE, emphasizes the importance of this seasonal trend. The surge in rental activity every August in the UAE property market is a testament to the strategic planning and timing that both landlords and tenants employ to make the most of this busy season.
[1] Mohammed Hashmath Raza, a sales manager at The Heart of Europe, stated that the summer season is a peak time for relocations, particularly among families in the UAE. [3] Over 372,000 rental contracts were signed in summer 2024, making it one of the busiest seasons for real estate transactions and rentals in the UAE.
[1] The surge in rental activity every August in the UAE property market is not just a coincidence, as Mohammed Hashmath Raza, a sales manager at The Heart of Europe, explained, it is a peak time for relocations, especially among families in the UAE.
[2] The timing of the school holidays plays a significant role in this seasonal trend, making August an ideal time for families to move without disrupting their children's education.
[3] According to Raif Hassan Ikkeri, founder of Emaan Properties, rentals are expected to be lower during July and August due to many families vacating their homes, creating attractive deals for tenants.
[4] Strategic moving windows, such as vacating in June or August, are utilized by tenants to effectively time their moves and settle in before the new academic year begins.
[5] This peak rental season also benefits landlords, as they are able to cover their mortgage EMIs by renting out properties quickly at competitive prices.
[6] Business Bay, Dubai Hills Estate, Damac Hills, and Dubai Marina, among other popular communities, see particularly strong demand for rentals during this busy season, with many tenants preferring furnished apartments for easy transitions.
[7] In addition to real estate, this seasonal trend also impacts various aspects of lifestyle, including travel, sports, health, news, finance, investing, home-and-garden, and business, as families prepare for their relocation.
[8] The market for furnished apartments within these neighborhoods may see a particularly high demand due to tenants' preference for easy transitions during annual or semi-annual moves.
[9] In the summer of 2024, over 372,000 rental contracts were signed, making it one of the busiest seasons for real estate transactions and rentals in the UAE.
[10] This trend underlines the strategic planning and timing employed by both landlords and tenants to maximize opportunities during this peak rental season.
