Growth in the average rent

Realty price bubble risk one of the lowest in Dubai

According to a survey conducted by a Swiss multinational investment bank, UBS. Dubai has the second market with the lowest price bubble risk after Warsaw among 25 leading cities. The highest risk:

• Toronto
• Frankfurt
• Munich
• Zurich
• Hong Kong

Record growth in the average rent was registered in Dubai in September 2022.

According to global commercial real estate services, CBRE. Average rental price increased by 26.6% compared to September 2021. In September 2022, average rental price:

• Apartments – $24,500
• Villas – $73,200

Leading areas in terms of average rental price:

• Apartments – Palm Jumeirah ($63,000)
• Villas – Al Barari ($257,700)