The average rent in the apartment market in the first half of 2024 increased by 22% compared to the first half of 2023. The apartment communities with the fastest rent increases include Bluewaters Island (+79%), JBR (+19%) and Palm Jumeirah (+24%). With the growth of the population, the demand for second homes, and the increase in the number of holiday home buyers [targeting the tourist market], the rental boom is also active, as shown in the figure below:

In the second quarter of 2024, among the top 10 newly signed apartment leasing hotspots, the seats occupied for 3 consecutive months are Al Nahda Second, Business Bay, Downtown Dubai, and Dubai MarinaAttractions, Dubai Marina office + sea view, these three areas have in common, high real estate sales prices, and at the same time, large flow of people, prominent location, convenient transportation and other advantages, most of them are the places that new tenants with good economic strength yearn for.

2024年第二季度公寓续签租赁热度前10名中，连续3个月占据席位为International City、Muhaisanah Fourth、Al Nahda Second、Dubai Silicon Oasis、Al Karama等，偏向经济实力中下游群体租客。

In the second quarter of 2024, Damac Hills 2, Dubai Hills Estate, one of the hot spots for Damac Hills 2 and Dubai Hills Estate, have also become active tenants, with Damac Hills 2 Phase 2 and Dubai Hills Estate occupying seats for three consecutive months.

In the second quarter of 2024, Damac Hills 2 occupies the top 5 new villa leasing hotspots for three consecutive months, and Damac Hills Phase 2 has a large overall scale and large delivery volume, becoming a hot spot for continuous leasing by renewing customers, with more than 200 units renewed in May and June.

After understanding the leasing hotspots in Q2, what is the ROI in Dubai?

It is understood that the highest return on investment in Dubai is economic properties such as Dubai Investment Park and Discovery Gardens, which are expected to have a rental yield of up to 11%, which is very attractive; The areas with better return on investment are Dubai Sports City, Dubai Silicon Valley, Motor City, Green Community, Al Sufouh and DAMAC Hills, where the rental yield of apartments is expected to be as high as 9%, and the return on investment is relatively good; JVT, JVC and Mudon, etc., are expected to have rental yields of 6%-8%; With the environment and characteristic highlights, scarcity, etc., the villa is expected to have a rental yield of more than 7%. Against the backdrop of a global economic slowdown, investors are turning to wealth-preserving assets to minimize the drawdown of assets caused by depreciation. From Dubai's economic development, Dubai's real estate industry has become a "dazzling" in today's economic environment, with investors from all over the world flocking to the Dubai market to stimulate demand for property rental and sales.