Market Review
The Dubai rental market demonstrated robust activity on Friday, registering 3,843 rental contracts with a total value exceeding AED 1.79 billion. This highlights a vibrant and dynamic leasing environment across the emirate.
In terms of ownership, the Free Hold areas continued to be the cornerstone of the rental market, comprising 2,237 contracts and representing a commanding 72% of the total rental value (AED 1.29 billion). This underscores the continued attractiveness of these areas for both tenants and investors.
The geographical distribution of rental value was highly concentrated, with the top 10 localities accounting for a massive portion of the total, led by an outstanding performance from Dubai Investment Park First.
| Rank | Locality | Number of Contracts | Total Value (AED) |
|---|---|---|---|
| 1 | Dubai Investment Park First | 227 | 680,674,444 |
| 2 | Burj Khalifa | 208 | 338,001,588 |
| 3 | Naif | 97 | 124,976,013 |
| 4 | Al Buteen | 66 | 77,980,798 |
| 5 | Al Karama | 67 | 74,245,454 |
| 6 | Al Thanyah Third | 19 | 39,975,274 |
| 7 | Al Mararr | 51 | 35,418,501 |
| 8 | Marsa Dubai | 94 | 30,294,253 |
| 9 | Al Rega | 20 | 28,896,369 |
| 10 | Business Bay | 160 | 20,822,125 |
By Property Type
| Category | Contracts | Total Value (AED) |
|---|---|---|
| Unit (Total) | 3,437 | 1,479,671,927 |
| • Flat | 2,568 | 435,003,744 |
| • Labor Camp | 211 | 613,012,574 |
| • Shop | 224 | 205,291,701 |
| • Office | 334 | 176,503,052 |
| • Other (Hotel, Warehouse, etc.) | 100 | 49,860,856 |
| Virtual Unit (Total) | 133 | 249,656,175 |
| • Shop | 1 | 235,506,833 |
| • Office | 132 | 14,149,342 |
| Villa (Total) | 243 | 59,888,337 |
| • Villa | 228 | 57,005,322 |
| • Complex Villas | 14 | 2,723,015 |
| • Villa Addendum | 1 | 160,000 |
| Land & Building | 30 | 4,834,125 |
| Grand Total | 3,843 | 1,794,050,564 |
By Ownership Type
| Type | Contracts | Total Value (AED) |
|---|---|---|
| Free Hold | 2,237 | 1,293,019,042 |
| Non Free Hold | 1,606 | 501,031,522 |
| Grand Total | 3,843 | 1,794,050,564 |
By Property Usage
| Usage | Contracts | Total Value (AED) |
|---|---|---|
| Residential | 3,044 | 1,105,575,756 |
| Commercial | 762 | 679,730,462 |
| Industrial | 7 | 3,910,221 |
| Other (Land) | 30 | 4,834,125 |
| Grand Total | 3,843 | 1,794,050,564 |
This report is based on publicly available data and Dubai Land Department (DLD) transaction summaries as of the date mentioned in the title of this post.
Final and detailed figures from the DLD may vary upon official release.
1 US Dollar = 3.672 UAE Dirhams
This report is merely informative, and all investments come with risk. You are responsible for your decisions.
