Dubai Real Estate Market Review 08-Jan-2025
Older buildings may see rents drop, while newer, premium properties could rise by 5-15%. Dubai's real estate revenue surged 20.6% in 2024 to Dhs20.9 billion. Affordable areas saw rents surge up to 48%
Dubai: Rents could drop in some older buildings as smart rental index is launched
Dubai’s new smart rental index will bring fairness and transparency to rents by factoring in building quality, amenities, and market trends. Older buildings may see rents drop, while newer, premium properties could rise by 5-15%. The index encourages renovations for older p…
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