Summer Property Trends - Is It Still Cheaper To Move In Summer?

During the summer months, the Dubai real estate market undergoes changes influenced by seasonal trends and the extreme heat. These factors significantly impact both market activity and consumer behaviour leading to a general slowdown.

Louise Heatley, Owner and Managing Director of Exclusive Links, helps us understand all we need to know about Dubai's summer property trends.

// Market Dynamics

A slower market can be advantageous for tenants, as reduced competition increases the chances of securing desirable properties. The summer months often see an exodus of expatriates relocating out of Dubai, particularly before the start of the school year, resulting in more available family rental properties.

To stimulate demand, agencies and landlords frequently offer incentives such as reduced rent, flexible payment terms, and additional amenities to attract potential customers.

// Viewings:

When scheduling property viewings during Dubai’s summer months, it is wise to choose early morning or late afternoon appointments to avoid the peak heat of the day.

Be aware that some vacant properties may not have active air conditioning or electricity, making them hot and uncomfortable to visit. To mitigate this, many real estate companies offer virtual tours and video marketing, allowing prospective tenants and buyers to explore properties remotely. This approach not only reduces the need for physical visits but also provides a comprehensive view of the property, helping customers make informed decisions without enduring the harsh summer conditions.

Additionally, these companies often enhance their digital listings with detailed descriptions, high-quality photos, and 360-degree video tours to provide an immersive experience, ensuring that customers can fully appreciate the property’s features from the comfort of their homes.

// Lease Negotiations:

Negotiating during the summer months can be an opportune time for tenants, who may secure better payment plans and additional inclusions in their tenancy agreements.

Landlords are often concerned about maintaining occupancy levels during this period, making them more open to negotiation. This presents an opportunity for tenants to propose favourable terms that add value to the rental agreement, such as reduced rent, beneficial payment plan, or additional amenities such as appliance inclusions etc. all included in the rent.

Moreover, landlords may be more willing to negotiate renewal rental terms to retain existing tenants, ensuring stability and continuity in occupancy during the quieter summer season.

// Property Condition

Assessing the maintenance condition of a property during viewings, especially when utilities are not active, can be challenging. It's crucial to inquire about the property's maintenance history, specifically focusing on the servicing of the air conditioning system. This information helps ensure that the property is well-maintained and that essential systems like air conditioning are in optimal working condition. Understanding the maintenance record provides insight into how well the property has been cared for and can prevent potential issues after moving in.

// Moving Costs

Businesses anticipate seasonal changes and often offer discounts and incentives to attract customers during slower periods. This makes it a favourable time for tenants to negotiate moving costs with removal companies. With more availability in their schedules, removal companies may offer competitive rates and flexible scheduling options, potentially saving tenants both time and money. Taking advantage of these seasonal opportunities can significantly ease the transition into a new property while minimizing expenses associated with relocation.

// Utilities

Residents in Dubai should anticipate utility bills being 30% to 50% higher during the summer months, reflecting increased air conditioning use to combat the extreme heat. It's important to budget for these additional costs during the initial months of occupancy.

Likewise, with fewer people relocating during the summer, telecommunication services often provide various offers and incentives to attract customers and help manage monthly expenses. Taking advantage of these promotions can contribute to cost savings and enhance the overall financial management during the warmer months in Dubai.

During the summer months, Dubai's real estate market remains stable, encouraged by ongoing initiatives from both businesses and the government aimed at stimulating activity. The city takes on a serene calmness with reduced traffic, shorter queues, and special promotions offered across various sectors. This tranquil atmosphere creates an ideal opportunity for prospective tenants to make their move, taking advantage of favourable market conditions and enjoying a more relaxed moving process among Dubai's summer ambiance.