Demand for housing is growing due to the strong economic activity of the emirate

The average price of a rented apartment for the year reached AED 91,795 (€ 23,000), while the cost of villas jumped to AED 274,740 (€ 71,390). Due to rising prices, tenants are reluctant to move into new housing: the number of new contracts is reduced, and the number of renewals is increasing. Palm Jumeirah continues to be the most sought after area for rent. Referring to third-quarter data, Zoom Property Insights reports that the average rent for apartments here has increased by 22%, and for villas by 32%.

Do you want to start investing in real estate in Dubai or are you looking for apartments for yourself and your family? Contact us and we will advise on any issues and select real estate according to your requests!

info@mercuryestate.com

+371 264 45557

 

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