Dubai expects 20% surge in residential rents in 2024 amid strong real estate momentum

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Rents in prime Dubai residential areas are expected to surge up to 20% in 2024, following a remarkable upswing of 23-30% in the previous year.

Property experts attribute this sustained buoyancy to factors such as increased investor interest, a rising influx of professionals, population growth, and Dubai’s growing appeal to the wealthy.

Net migration continuing to surpass the rate of new home deliveries is anticipated to exert upward pressure on rental prices.

The trajectory of rents in 2024 will be influenced by factors like residents choosing to buy rather than rent, and the attractiveness of property as an investment opportunity.

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