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Dubai Land Department (DLD) has released the 1st edition of Dubai's first ever official Residential Rental Performance Index (RRPI).
In January 2022, the total monthly index was 0.938, and the index price was AED 51.101. The monthly index of apartments was 0.943 and the index price was AED 46.994, while the monthly index of villas/townhouses was 0.868 and the index price was AED 131.882.
According to the index, 51.452 rent agreements were registered in January 2022, 52% of which were new contracts and 48% were renewed contracts, while 81% of it were annual contracts and 19% were non-annual.
The best areas with the highest number of rents registered in January 2022 were Jabal Ali First (1811), followed by Naif (1760). Al Karama (1754), Al Warsan First (1601) and Al Souq Al Kabeer (1457) also entered TOP-5 areas in 2021. They were followed by Business Bay (1317), Al Nahda Second (1276), Barsha South (1192), Marsa Dubai (1174) and Nadd Hessa (1098). In total, TOP-10 areas accounted for 28% of all rental transactions in January 2022.
