Dubai Rent Increase

N.A., a resident of Dubai, has just received notice of a Dh14000 yearly rent increase. The foreigner said that her annual rent jumped from Dh70000 to Dh84000. While she has been residing in the same three-bedroom flat in the Zaabeel neighborhood for the past ten years. That is a 20% increase in rent from the previous year and is more than Dh1100 a month. The notice from N.A. is consistent with the...

Following The Pandemic, Recovery Started As Numerous Foreign Workers Returned Along With The Improvement In The Job Market And An Influx Of Hnwis. Rents in Dubai will continue to rise in 2023, especially in the most sought-after areas where demand is outpacing supply. While rental growth in more affordable areas is anticipated to be moderate. Since 2014, the emirate's rents have been declining. But...

Dubai's Most Sought-After Neighborhood For Rental Properties Is Still Palm Jumeirah. According to Zoom Property Insights, the Dubai rental market is still on the rise. As average rent increases by 27% this year. In addition, demand increases significantly in line with the emirate's robust economic activity. The average cost of renting an apartment has risen to Dh91795. While the cost of renting a...

Dubai 1-Year Tenant Contracts Record 15-30% Picks Up- Ought To Proprietors Cash In On That. Dubai: Over the past 12 months, Dubai Rents Spike by 10-15% compared to most residential areas. With larger neighborhoods such as Palm Jumeirah and Dubai Marina seeing increases of almost 30%. The general opinion is widespread that rents will rise in the summer. Should Dubai property owners who have secured...