Dh30,000 to Dh1 million per year: Dubai villa, apartment rents increase by 26.9%

Dh30,000 to Dh1 million per year: Dubai villa, apartment rents increase by 26.9%

Average property prices rose by 9.5 per cent, with average apartment rates climbing 9 per cent and those for villas by 12.8 per cent

Published: Tue 10 Jan 2023, 11:32 AM Last updated: Tue 10 Jan 2023, 11:36 AM

Average rents of apartments and villas continue to rise in Dubai, with a report pegging the average annual apartment rents at Dh95,168, and those for villas at Dh282,150 as of December 2022.

In 2022, average rents increased by 26.9 per cent, according to the CBRE Dubai Residential Market Snapshot. “Over this period, average apartment and villa rents increased by 27.1 per cent and 24.9 per cent, respectively.”

Palm Jumeirah recorded the highest average annual apartment and villa rents, reaching an average of Dh248,452 and Dh1,016,956 per annum, respectively.

The most affordable apartment rents in Dubai can be found in International City, with an average of Dh29,915 per annum. In Deira, average villa rents are pegged at Dh114,175.

Here are the average apartment rents in Dubai, according to CBRE research:

Average villa rents are below, as per the market snapshot:

(Rents are based on average apartment sizes in each community across all unit mixes)

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