Dubai's rental market balances affordability with growth, launching a Smart Rental Index for fairer lease terms.

In Dubai, the gap between lease renewals and new tenancy contracts is closing as more affordable new developments further from the city center become available. Despite rental prices rising by 16% for apartments and 13% for villas in 2024, the launch of the Smart Rental Index aims to provide fairer assessments of new lease terms. This shift offers tenants more space and amenities without breaking the bank.

6 weeks ago
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