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The Dubai rental market may see a stabilisation if more landlords switch back to offering 1-year leases instead of short-term stays. This would increase the supply of long-term rental units and decrease the demand for short-term rentals. However, for rent increases to subside, an abundance of units must become available for annual lease.
Landlords who opt for yearly rentals may receive immediate rental requests due to the high demand for long-term rental units in Dubai. Nevertheless, some landlords may hesitate to switch back to yearly rentals as they can earn the same rental income from short-term rentals without serving a legal notice. Ultimately, landlords will make a decision based on their individual circumstances and the trends in the Dubai rental market.
