Continuing the trajectory set in 2021, rental rates continue to grow rapidly in the first half of 2022.
This is facilitated by factors such as a busy schedule of events, a rapidly increasing influx of tourists and a general surge in economic activity.
Just in the second half of this year can we reasonably expect a slowdown in growth.
This forecast is set out in the report «Dubai Residential Market Snapshot» by CBRE. The expectations relate to both the apartment segment and the villa segment. However, the latter continue to grow by a noticeable margin even in the second half of 2022.
According to the report, it is also known that the average annual rental growth in Dubai for January 2022 was 10.1%. Apartments showed an increase of 8.3%, while villas showed 22.8%.
CBRE predicted which areas should cause the greatest demand from buyers this year.
Among those renters who are looking for a good opportunity to rent apartments, Business Bay, Al Barsha South, International City, Al Karama and Dubai Marina should get the most popularity. It has maintained its popularity since the beginning of the pandemic.
The list of popular areas among those who want to rent a villa is also quite expected: Arab Ranches 2, Damak Hills, Jumeirah Islands, Palm Jumeirah, as well as the Jumeirah Village Circle, Springs, Jumeirah Village Triangle, Dubai Sports City and Dubailand.
Jumeirah Golf Estate, Jumeirah Lake Towers and JBR are also among the candidates for high demand for apartments.
For both categories of renters, two areas will be of high interest: Downtown Dubai and District 2020. The latter is currently the venue for Expo-2020, but by October 2022 the area is planned to be converted into a full-fledged residential community.
Great hopes are pinned on the District 2020, as it should become a key financial and commercial hub of the emirate.
