Dubai’s residential market has seen very strong levels of activity in 2022 as the emirate emerges from a Covid-19 slump
Dubai’s residential market has seen transaction volumes continue to tick up, with volumes reaching 5,517 in January, up 80.2 percent from January 2021, according to the CBRE Dubai Residential Market Snapshot for February 2022.
Average prices are also increasing, up 10.2 percent in the year to January. Average apartment prices are up 8.5 percent, while average villa prices are up 21.8 percent.
Average rents increased 10.1 percent, with apartment and villas increasing 8.3 percent and 22.8 percent respectively. The average annual rent for an apartment in Dubai stands at AED76,347 per year, while the average rent for a villa stands at AED230,275 per year.
Here are the five areas where apartment rents are increasing the fastest month-on-month as of January 2022:
Here are the five areas where villa rents are increasing the fastest month-on-month as of January 2022:
