In Dubai’s ever-evolving real estate landscape, the projected surge in rental values by 20% over the course of the current year has set the stage for an intriguing play between short- and long-term investor aspirations. At the same time, the beginning of 2023 was marked by an almost 23% jump in rental property prices, which was supported by the results of October, when short-term rentals soared to 30 %.
As real estate developments progress, 2024 predicts a 20% increase in prices for short-term rentals (up to 6 months) and a 15% increase in prices for long-term rentals (over 6 months).
At the same time, statistics show a sharp increase in the number of real estate transactions, which increased from more than 30,000 transactions in 2022 to a spectacular figure of approximately 50,000 in 2023.
Due to the above circumstances, at the end of 2024, the Dubai real estate market expects a natural increase in prices.
In addition, the constant influx of talented people from all over the world into the emirate is contributing to a sharp rise in rental prices. Dubai real estate investment promises to take center stage as a profitable investment in 2024.
