"We have noted an increase in the number of purchases for your own residence, rather than speculative purchases, as in previous years," said Faisal Durrani, head of MENA Country Research at Knight Frank.
In the 4th quarter of 2024, rental rates increased by about 2.3% compared to the previous quarter.
According to official data, in February 2025, rental contract extensions in Dubai decreased by 30% month-on-month. This indicates the transition of a large number of people from renting to owning real estate.
In the first two months of this year, almost 27,000 new residents appeared in the emirate, bringing the city's population to 3,852 million people.Knight Frank data showed that the number of homes available for sale in the category of 10 million dollars and more decreased by 40%, in the category of 25 million and more by 85%. This is due to the influx of millionaires and super-rich people to Dubai.
Source: Khaleej Times
