Using Dubai’s Smart Rental Index to Negotiate a Fair Rent In Dubai, rent increases are determined based on the average rent hike of similar properties in a designated area. According to Article 1 of Decree No. (43) of 2013, rent increases upon contract renewal must follow these guidelines: No increase if the current rent is up to 10% below the area’s average rental value. A 5% increase if rent...
Dubai’s Real Estate Market: Strong Momentum Continues into 2025 Dubai’s real estate market had a record-breaking year in 2024, achieving new milestones throughout the year. Despite concerns of a slowdown, developers remain optimistic about maintaining the same sales pace in 2025, driven by strong investor demand for projects in prime locations from reputed developers. While analysts note that...
Dubai’s Prime Office Supply Set to Reach 8.2 Million Sqft by 2028 Businesses are shifting from Dubai’s central districts to emerging areas like Expo City due to a shortage of high-quality office space, which remains in exceptionally high demand. With supply struggling to keep pace in prime locations, companies are securing office buildings during construction to ensure access to premium...
Dubai’s Residential Price Growth Slows as Market Matures Dubai’s residential property prices recorded their slowest growth in 20 months this February, as increasing deliveries balanced the market, according to data released on Monday. The ValuStrat Price Index (VPI) reflected this trend, with monthly villa prices rising 2 per cent, down from a peak of 2.7 per cent, while apartment values grew by...
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