Dubai unveils first-ever residential rental performance index

Dubai unveils first-ever residential rental performance index

January 2022 had 51,452 residential leases; 52% were new leases while 48% were renewals in January 2022

In January 2022, the overall monthly index recorded 0.938 per cent growth and an index price of Dh51,101. — Supplied photo

Published: Sun 27 Feb 2022, 5:12 PM

Dubai on Sunday launched first-ever residential rental performance index (RRPI) that showed 51,452 residential properties were leased in January. The newly-launched index indicated that 52 per cent of the leases were new while 48 per cent reflected the renewals of old contracts while 81 per cent of them were annual contracts, and 19 per cent were for non-annual.

Dubai Land Department developed the index in collaboration with Property Finder.

In January 2022, the overall monthly index recorded 0.938 per cent growth and an index price of Dh51,101. Apartments monthly Index recorded 0.943 per cent increase and an index price of Dh46,994, while villas/townhouses monthly index recorded 0.868 per cent growth and an index price of Dh131,882.

The base year for RPPI is 2013 and the base month for the monthly index is January 2013, with the base quarter for the quarterly index being first quarter of 2013.

Overview of performance

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