Dubai envisions a surge in apartment rental rates, heightening its appeal for investors. Factors like infrastructure development, government initiatives, and a growing population contribute to the market’s resilience.
Experts foresee a significant 2024 increase in Dubai apartment rents, with a 20% rise in capital values. Observations highlight a demand shift towards cost-effective communities, particularly in areas like Dubai Silicon Oasis and Business Bay.
The third quarter of 2023 saw a 27% year-on-year increase in residential real estate rents, signaling ongoing upward trends in 2024.
While demand for more economical options stabilizes villa rental costs, this trend is expected to persist in early 2024.
Dubai’s luxury real estate sector remains comparatively more affordable than major global cities, attracting investors seeking long-term value appreciation.