According to Haider Tuaima, Director and Head of Real Estate Research at ValuStrat, the villa rental market in Dubai is expected to maintain stability in the first quarter of 2024, with rental rates remaining unchanged. Conversely, Tuaima noted that apartment rents are likely to see an upward trajectory during the same period.
“Villa rents have increased by 81 percent since the onset of the pandemic, now averaging AED 398,700 per annum, marking the highest average in a decade. Meanwhile, apartment rents stood at AED 82,000 per annum, showing a 49 percent increase over three years, with potential for further growth,” Tuaima stated.
