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Due to a house in District One, rented for a staggering 7 million dirhams, the Dubai real estate market will surely start in 2022. The identity of the tenant has not been disclosed, but it is known that as part of the deal he received a free rent for one month.
During 2021, both rental and sale prices in District One have skyrocketed. For instance, five-bedroom villas were rented for about 500,000 dirhams until the beginning of 2021, and now the same property costs from 1 million to 1.3 million dirhams.
The presence of only 500 ready-made villas, as well as an incredible location and the world's largest freshwater lagoon are among the many factors that make people buy property in District One.
2021 was a record year for sales of villas, penthouses and land plots in Dubai. There were also several rental deals that set records. For instance, one of the largest rental deals in Dubai last year was a deal worth 7.5 million dirhams in Emirates Hills.
