Dubai’s rental market remains strong driven by population growth and rising demand for affordable housing. One and two-bedroom apartments are particularly sought after, making up over two-thirds of rental transactions in Q3 2024. This trend is fueled by higher rents pushing tenants to smaller units and attracting new residents seeking more affordable options.

Popular areas include Jumeirah Village Circle (JVC), Dubai Silicon Oasis, Dubai Marina, Business Bay and Emirates Living. Despite many tenants renewing leases or buying properties, rental prices continue to rise.

The city’s population has grown by over 400,000 since 2021 reaching 3.82 million, attracting professionals and investors worldwide. Dubai’s property market offers excellent value with rental yields up to 7%, outperforming other global cities like Hong Kong, Singapore and Tokyo which offer lower yields and more competitive markets.