Dubai rents increase at record rate, prices 28.5% up on last year

The price of renting property in Dubai increased at a record rate in the past year

Palm Jumeirah has registered the highest rental rates for both apartments and villas

Dubai rents increased at a record rate over the past 12 months, according to data published by global real estate analysts at CBRE.

Rents in both the apartment and villa sectors surged, making it Dubai’s highest rental growth on record.

Average rents increased by 28.5% in the 12 months to January 2023.

Source: ArabianBusiness

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