Dubai’s rental prices see highest growth since 2014 ...United Arab Emirates

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Dubai’s rental prices see highest growth since 2014
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 38
According to a new report by CBRE, in the 12 months to July 2022, average residential rents in Dubai increased by 23.7%. This represents the highest annual growth since May 2014. Average apartment and villa rents increased by 23.5% and 24.8% respectively, which translates – as at July 2022 – into average apartment rents of $22,600, and for villas a figure of $71,000 per annum. In the rental market, the highest annual apartment and villa rents were in Palm Jumeirah, where rents on average were $59,830, and in Al Barari, where rents on average were $251,833. Take the five minute Middle East Construction News Survey and you could win a brand new Apple Watch! Meanwhile, the total volume of tran

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