Everyone is talking about securing a drop on their annual rent — which is a relief given the cost of everything else is on the rise.

Whether it's driving a hard bargain with your landlord or looking for a new place, prices are dropping across the board.

A flood of new properties in existing suburbs and desert communities has also helped.

"The handing over of new properties to the market has caused an oversupply of stock in Dubai, this in turn has driven the rental prices down in 2018," says property agent Tony McMahon from HMS Homes.

"The positive knock on effect of this for tenants is that some landlords are now accepting multiply cheques and also being considerate of delaying a moving in date."

All of the apartments and villas below have seen substantial drops in the asking price, and here's the six of the best deals we found, in conjunction with HMS Homes.

The Address, Dubai Marina

Size: 540 sq ft

Studio

1 Bathroom

Marina views

Price: Dh85,000

Who wouldn't want to live in a hotel? Prices have dropped across the marina and this furnished studio in the Address hotel is no different. Agent Katy Straker said the property was Dh100,000 last year and now going for Dh85,000. Small but comes with a balcony and views over the marina.

The Residences 1, Downtown Dubai

Size: 1,046 sq ft

1 Bedroom

2 Bathrooms

Downtown facing

Price: Dh95,000

This large one-bedroom in the popular Residences complex would cost you about Dh120,000 two years ago. Now it's dropped to Dh95,000. A boom in new properties means there is less of a premium than there was to live in Downtown, though residents in the district do report continuous construction activity. "A steal at the current asking price," says agent Tony McMahon.

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