W Capital: Rents boom in the Dubai residential real estate unrivaled

W Capital: Rents boom in the Dubai residential real estate unrivaled

Dubai, United Arab Emirates:“W Capital”, the Dubai-based real estate brokerage, confirmed that the rise in the number of new rent contracts within the real estate sector in Dubai since the beginning of 2023 peaking to a new record, is a strong indication of the continuation of the growing momentum within the market, reflecting the effectiveness of new regulations and incentives applied by the government of Dubai. “The additional 120,000 new rent contracts during the first four months of 2023, according to the DLD data, practically means 120,000 units purchased by investors with an return on investments ranging from 7 to 12%, depending on each region,” said Walid Al Zarooni “W Capital” CEO. Al Zarooni believes that this indicator shows that there are at least 120,000 families or individuals have begun to settle in Dubai, which is reflected in all economic sectors and activities, including the retail sector and transportation. The CEO stated that every sector linked to the economic development is directly affected by the rental sector, which is usually an indicator of the future state of the local economy and the prospects of residents and investors’ confidence in it as well. "The new contracts may be seen by some