Dubai May 2023: The Official Rental Performance Index
• Overall monthly Index recorded 1.042 and an index price of AED
55,940.
• Apartments monthly Index recorded 1.050 and an index price of
AED 51,744.
• Villas/Townhouses monthly Index recorded 0.952 and an index
price of AED 144,699.
55,940.
• Apartments monthly Index recorded 1.050 and an index price of
AED 51,744.
• Villas/Townhouses monthly Index recorded 0.952 and an index
price of AED 144,699.
Key Findings:
• May had a total of 45,861 rental contracts, of which 53.48%
were new, and 46.52% were renewals.
• In May, 91.21% were annual contracts, while 8.79% were non-
annual contracts.
• 69.24% were registered for residential purposes, while
29.84% were for commercial purposes.
were new, and 46.52% were renewals.
• In May, 91.21% were annual contracts, while 8.79% were non-
annual contracts.
• 69.24% were registered for residential purposes, while
29.84% were for commercial purposes.
