It is expected that in Arabian Ranches 2, Damac Hills and Jumeirah Islands, villas will remain popular for rent in 2022, while Business Bay, Al Karama and Dubai Marina are likely to dominate the apartment segment due to their advantageous location in an affordable price range.
Real estate experts believe that the first-ever official Residential Rental Performance Index (RRPI) will help tenants find suitable housing according to their budget. Based on this index, the areas of apartments and villas will remain in demand among tenants and will determine market trends in terms of price changes and location.
Referring to the latest CBRE data on the Dubai residential real estate market, the average rent in the Emirate increased by 10.1% in the year to January, while apartments and villas increased by 8.3% and 22.8%.
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