Anticipating a 10% surge in Dubai’s real estate rentals this year, experts attribute this upward trend to investors seeking short-term gains and long-term returns. In the initial half of 2023, rental prices rose by 23%, spiking by 30% in October during the shift from low to high season.
Forecasts for 2024 suggest a 10% increase in short-term rentals and a 15% rise in long-term leases, closely tied to the escalating residential property prices. Property sales transactions surged from 30,000 in 2022 to nearly 50,000 in 2023, indicating market growth.
2024 forecasts organic real estate growth, evident in increased property values, high-rise turnovers, and elevated property transactions. The influx of global specialists continues to influence rising rental prices, making Dubai’s real estate a promising investment for profitable returns in rentals.