Rents in Dubai are expected to rise 20 percent by 2024

Rents in Dubai are expected to rise 20 percent by 2024

Rents in Dubai are expected to rise 20 percent by 2024

Rents in Dubai are expected to rise 20 percent by 2024

  • Punit Rana
  • (0)
  • (541)
  • January 6, 2024

News, Dubai,dubai real estate,Dubai rent,Real estate,rent property in dubai,Rents in Dubai


After a year of remarkable growth estimated at 23–30 percent, rents in Dubai's upscale neighbourhoods are expected to rise by up to 20 percent in 2024.

Real estate experts expect the upswing to continue for many reasons, including the city’s growing appeal as a haven for the wealthy, increased investor appetite, an influx of skilled workers and population growth.

They explained that rental prices will continue to rise if net migration to Dubai remains higher than the rate at which new apartments are allocated. Rental price trends in 2024 could be driven by factors such as the increasing number of people opting to buy rather than rent property in Dubai and the rising demand for real estate as an attractive investment opportunity.

Ilnara Muzafyarova, head of the real estate management company Colife, says that after a sharp increase in rental prices of 23 percent annually in the first half of 2023 and a year-end forecast of around 30 percent, the upward trend appears strong. Muzafyarova projected that short-term rentals (up to six months) will increase by 20 percent from 2023, while long-term rentals (more than six months) will increase by 15 percent. This is supported by the natural expansion of the market, which also resulted in a 15% increase in apartment prices between mid-2022 and mid-2023.

S&P predicted in November 2023 that house prices would rise by 5.0% to 7.0% in 2024. According to Tatiana Leskova, Associate Director of Corporate Ratings at S&P, there are no signs that the Dubai real estate property market will weaken this year.

According to analysts at real estate consultancy CBRE, rent property in Dubai rose by around 42% in January 2020, while property prices increased by around 33%. Similar trends can also be seen in villa rents, which now average $88,400 per year, having risen by 19.2% in November alone.

According to experts, the Dubai real estate market is thriving, as evidenced by the increasing momentum in rents, the rise in property values associated with the construction of new high-rise buildings and a sharp increase in real estate transactions.

Colife, the owner of a one-bedroom apartment in Dubai Marina, saw a significant year-on-year increase in monthly income of 21.2% to $2,970. According to Colife, owners should expect even higher earnings in the region of $3,415 per month in 2024.

Real estate experts predict a steady demand for housing in Dubai due to the city’s growing population and the continued influx of international professionals.

According to real estate consultancy Asteco, growth in the rental market in Dubai gradually slowed in the third quarter. With rental increases for apartments, villas and offices of 3.0 percent, 2.0 percent and 4.0 percent respectively in the three months, there has been a noticeable slowdown. According to Asteco, the changes were 18%, 19% and 29% respectively on an annualised basis.

According to Property Finder data for November, demand for one bedroom apartments is the highest. It found that around 36% of respondents were looking for one-bedroom apartments, 30% for two-bedroom apartments and 24% for studio apartments. Three-bedroom villas or townhouses were sought by 42% of buyers, while larger four-bedroom properties were preferred by 35%. Sixty-six percent of renters preferred furnished apartments, while thirty-two percent wanted unfurnished. Of those looking for villas or townhouses, 51% found unfurnished and 48% furnished listings.

The Dubai Statistical Centre estimates that 3,604,030 people will live in Dubai in July 2023, up from 3,515,264 in July 2022. The development master plan for Dubai assumes that 5.8 million people will live in the city in 2040.

Latest Blog

Loading blog data...

Popular Property


Ready To Move In

3BR Safi Townhouse For Sale

Damac Properties

Elegance Tower

Emaar The Cove

Dubai Creek Harbour

Emaar The Cove 2

Park Field Apartments

Madinat Jumeirah Living

Lamtara Apartments

Sobha Hartland

Crest Grande Tower

3-bedroom villas

Cascades Villas

4 bedroom premium apartments

Meraas Holding

Meraas Bluewaters Residences

Property Investment

Property Investment\

Azizi Star Residential Apartments

Dubai Marina

Azizi Star

Villa Property for sale

Dubai Science Park

Opalz Apartments

duplex property for sale

townhouse property for sale

apartment property for sale

Eleganz by Danube

Viewz Residence

Jumeirah Village Triangle

Fashionz Apartments

Gemini Property Developers

Gemini Splendor Townhouses

Gemini Splendor Apartments

Gemini Splendor Apartments & Townhouses

Danube Properties

Al Warsan

Danube Petalz

Danube Properties

Al Furjan

Danube GEMZ

wealther in Dubai

Rainfall in Dubai

Bharat Mart

Bharat Mart in Dubai

Location in Dubai

Tourism place in dubai

Best Tourism Place in Dubai

BAPS hindu temple

Tourism Place in Dubai

Hindu temple

The Atria




Republic Day

Aljada Sharjah

2 bedroom apartments.

ARADA Developments

Apartments at Aljada Sharjah

Tiraz Apartments

real estate

Apartments and villas

Real Estate Transactions

Toursim place in Dubai

Visit place in Dubai

Best tourist place

The Dubai Mall

Burj Khalifa

Places to Visit in Dubai

Real Estate In Dubai

Dubai Real Estate Trends

Dubai Real Estate Market

Dubai Real Estate Investments

Dubai Real Estate


Dubai's property market

off-plan properties in Dubai


Top developer

Developers in Dubai

Property Developers in Dubai

Hyderabad Expo 2024



Real estate expo



Toursim place in Dubai

Transportation service


taxi service

Dubai taxi company

Dubai taxi


Best tourists place

Tourist place



Best location in Dubai

Localities in Dubai


buy apartment in Dubai

Real estate

Best tourism place in dubai

Dubai real estate

rent property in dubai

Rents in Dubai

Real estate

Dubai rent


binghatti properties

Mercedes benz

Downtown Dubai

Dubai properties

Villa In Dubai

Property in Dubai

Dubai rental apartments

Burj khalifa

Real Estate agents

Apartment in Dubai

real estate investing

Investment in dubai

Property for investment

Jumeirah lake towers

Damac hills dubai

Dubai rental properties

Rent apartment in dubai

retirement visa in dubai

sell property in dubai

Rent property in dubai


property in dubai

real estate market

investment properties

Buy Property in dubai

invest in dubai

real estate developer in dubai

new launch project

bellevue tower

Bella rose

Dania apartment

prime view


Burj khalifa

top floor of the Burj Khalifa

safest place in dubai

cleanest city


Safest city in dubai

jumeirah beach


downtown dubai

luxury homes

jumeirah bay

2br apartment

central park

city walk

central park at city walk

jumeirah beach

central park apartments

jumeirah bay

3br apartment

marina promenade

port de la mer


sur la mer townhouses

3br townhouse

jumeirah bay

antonio citterio

downtown dubai

sheikh zayed road

jumeirah bay

bvlgari marina lofts

bvlgari marina

dubai skyline

jumeirah beach road

luxurious living

jumeirah bay


bvlgari resort

arabian gulf

meraas holding

pearl jumeira

foreign investors



apartment for sale in dubai

1 bedroom apartments

dubai flats

luxurious life

wilton park residence

1 bedroom apartments

apartments for rent

3 bedroom apartment



dubai property

luxurious lifestyle

mohammed bin rashid city

dubai real estate



leisure places

luxury apartments



joya blanca residences


elegant homes

ellington properties

jumeirah village circle

eaton place


Zero tax investment

waves grande

transportation system in Uae

Tower in Dubai

Top property in Dubai

The crest apartments

Tax-free Investment

Sobha Reserve in Dubai

Sobha Reserve

Sobha Realty

Sobha grande

Residency in Dubai free

real estate property in dubai

Real Estate Investment in Dubai

Real estate broker

Property in Dubai at cheapest Price

Property in Dubai

offplan property in dubai

off plan property in Dubai

Nakheel Properties


Investors in Dubai

Investores in Dubai

Invest in Dubai


Habtoor Tower in Dubai

Golden Visa

Get Dubai Golden Visa

Free golden visa in Dubai

Expo Golf villas

Emaar Properties


Dubai Property Market

Dreams Home in Dubai

Dream Home In Dubai

Deyaar Properties

Deyaar New Launch Mar Casa

Deyaar New Launch

Damac Properties

Creek palace aparments


best real estate agent in Dubai

best property in dubai

Best property developer in Dubai

best areas to invest in dubai

Best Area to Buy Property in Dubai 2023

best apartments in dubai

Azizi Developments

Area to Buy Property in Dubai

Apartments in Dubai

apartments for sale in dubai

2 bedroom set property in dubai