Rental prices and the top 5 megacities in the world

Rental prices and the top 5 megacities in the world

  • News
  • How prices for property rentals have changed and what place Dubai has taken in the top 5 megacities in the world

Record residential rental prices were registered in Q4 2021 according to the ValuStrat Index (VPI).

Rental prices:

  • Increased by 6.7% compared to Q3 2021
  • Increased by 18.9% compared to Q4 2020

This is the highest quarterly rate since 2014. Compared to Q3 2021, rental prices for: Villas increased by 6.3% Apartments increased by 6.9% Compared to Q4 2020, rental prices for: Villas increased by 26.8% Apartments increased by 14.3% Residential net yields decreased slightly to an average of 5.9% with: Villas – at 3.7% Apartments – at 6.2%

Dubai is among TOP-5 world's megacities according to the Cities of Choice global ranking by the Boston Consulting Group.

The Emirate ranked: 2 place – for economic opportunities 3 place – for authority relationships The study comprised data on 16 megacities, including:

  • New York
  • Singapore
  • Toronto, etc.

Sources: Arabian Business, Khaleej Times

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