Dubai July 2024: The Official Rental Performance Index
2024-07-25• Overall monthly Index recorded 1.165 and an index price of AED 62,611.
• Apartments monthly Index recorded 1.177 and an index price of AED 57,779.
• Villas/Townhouses' monthly Index recorded 1.074 and an index price of AED 162,738.
• Apartments monthly Index recorded 1.177 and an index price of AED 57,779.
• Villas/Townhouses' monthly Index recorded 1.074 and an index price of AED 162,738.
Key Findings:
- July 2024 recorded 64,551 rental leases
- 56.1% were new leases while 43.9% were renewals
- 94.54% were annual contracts while 5.46% were non-annual leases
- 38.8% were commercial leases while 60.2% were residential leases
