77% of Dubai Residents Prefer to Rent Property

Renting is the choice of most Dubai residents. Figures and trends

– According to the report, The Future Living: Dubai 2024 Edition.

The survey involved 1,600+ Dubai residents, 72% of whom expect housing prices to rise within a year.

1️. Nearly 77% of respondents choose to rent, of which 79% opt for long-term rentals

2️. 23% are homeowners. 36% of whom plan to invest in property within 1–3 years

3️. The rent-to-income ratio in Dubai is 30%. For comparison, in New York and London, it’s 40%–50%

4️. 55% of tenants expect their rents to rise by 5%–10%  during their next lease renewal