The report highlights the recovery in Dubai’s workplace visitation, surpassing pre-pandemic levels by 17.0%. The total number of new Ejari contracts registered saw a significant increase of 73.8% compared to Q3 2021. Rental growth has been witnessed in Dubai’s office market, with various segments experiencing increases in Prime, Grade A, Grade B, and Grade C rents.
In Dubai’s residential market, average prices for both apartments and villas recorded growth in the year to September 2022. Average rental rates also experienced unprecedented growth, with apartment and villa rents increasing notably. Completion and delivery of new units continue, with thousands more expected to be completed by the end of the year.
