logo
迪拜 icon
icon 迪拜 icon
新聞與資訊
Dubai Real Estate Market: Projected Quadruple Growth in Rental Transactions
Dubai Real Estate Market: Projected Quadruple Growth in Rental Transactions 迪拜
By   Internet
  • 城市報
  • Dubai Property
  • Dubai Property Market
  • Rental Transaction Volume
Abstract: In recent years, Dubai's real estate market has shown strong growth. With the delivery of a large number of residential units, investors are shifting their focus to the rental market, aiming to generate rental income.

According to industry experts, Dubai's real estate rental transactions are expected to quadruple by 2023, leading to a surge in demand for property management companies.


Over the past two to three years, Dubai has witnessed a similar surge in property purchasing demand, and currently, Dubai, along with other emirates, is catching up with Alkame and Abu Dhabi.


By the end of 2023, it is expected that Dubai will complete as many as 47,000 residential units, a substantial 50% increase compared to the approximately 31,000 residential properties completed in the previous year. Developers are also increasingly focusing on timely project completion, emphasizing "smart," "design," and "sustainable" residences.


Reportedly, the CEO of property management and leasing services company Colife, Ilnara Muzafyarova, stated, "With the keys, owners are now eager to lease, resulting in a significant increase in leasing transactions this month." Muzafyarova revealed, "The number of apartments leased with our assistance has quadrupled compared to a year ago (January 2023)."

Dubai Real Estate Market: Projected Quadruple Growth in Rental Transactions

Insiders revealed that the exponential growth in leasing transactions is not surprising. With more residential units being delivered, investors are turning their attention to the rental market, seeking rental income. Additionally, the number of people immigrating to Dubai through long-term residency plans such as the Golden and Digital Nomad visas is increasing, considered a factor driving the demand for rental properties in Dubai.


However, as investors shift their focus from property purchase to the rental market, the cost of rents in Dubai is also increasing. By the end of 2023, it is projected that rents in the city will rise by 30%, with a first-half increase of approximately 23%. This has led some investors to reconsider their investment strategies to address the rising risk of rental costs.


Industry experts state that the increase in leasing transactions reflects the surge in demand for real estate investment in Dubai, while the rising rental yield and soaring property appreciation are reducing investors' average return on investment period, currently estimated at 8 years. With tenants continuing to reside, Dubai's rental yield is expected to reach 7-8% annually, and the city's real estate prices are projected to average a 14-15% increase from mid-2022 to mid-2023.


While the rising cost of rents may impact some investors, interest in Dubai's real estate market persists among investors from around the world. In addition to generating passive rental income, the value of Dubai's real estate market remains high. Especially for investors seeking long-term investment, Dubai's real estate market continues to be an attractive choice.

留言
icon
請輸入您的國籍
+87
不能為空
電子郵件地址無效 電子郵件地址未驗證!
icon
歡迎訪問 House.com
登錄或註冊以充分利用您的體驗。這也將增加您與經紀人交流的機會。
請輸入有效的電子郵件地址。
繼續使用 Google
提交即表示我接受House.com的   使用條款
icon icon
驗證您的電子郵件
你好 我們剛剛將驗證碼發送到您的電子郵件中。 請檢查並在此處輸入驗證碼以繼續登入。
驗證碼錯誤
沒有收到電子郵件? 請檢查您的垃圾郵件資料夾
icon
banner
Dubai Real Estate Market: Projected Quadruple Growth in Rental Transactions
icon 複製鏈接
icon WhatsApp
icon Facebook
icon Twitter