Rents in Dubai and real estate prices may decrease in 2022 due to the emergence of new projects

According to a new analysis, rents and property prices in Dubai are expected to decline over the next few months as tens of thousands of new residential units are expected to be commissioned this year.

According to the consulting company Asteco, the real estate market, which has been on the rise for several months, may see about 30,000 new homes and two million square meters of additional office space this year.

It is possible that landlords will offer competitive prices and incentives to avoid empty apartments, while sale prices are less likely to continue to rise, as they have been for several months. 

Price fluctuations are most likely, although any increase in rental and sale prices will be in favor of premium real estate, as well as villas.