The villas of “Palm Jumeirah” in Dubai continue to break records in their rental prices. After renting a villa located on the artificial island designed in the form of a palm for 900,000 dirhams per year several weeks ago, the “BH Real Estate” real estate brokerage company finally announced in a press release that it is I rented a villa located in one of the fronds of the island before completion for 1.4 million dirhams.
The company added in its statement that the villa consists of 6 rooms, and that the tenant is a French resident in the UAE, and that the lease period is 3 years.
Nick Graciek, Managing Director at BH Real State, said: “This villa offers its residents distinct views, as it is located at the end of one of the fronds of Palm Jumeirah. The villa is equipped with a private beach, as well as a swimming pool and a number of other features one would expect from a villa located in one of the highest rental rates in the world.
“Despite the trend in rental prices in all countries of the world to decline during the current year due to the circumstances that we all know, there are certain areas in Dubai that enjoy upscale locations that are now witnessing stability in the rental rates of villas and units,” he added. Perhaps this standard rental deal not only indicates a recovery, but rather reflects the fact that the recovery is gaining momentum.
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