2022 has proven to be an exceptional year for the Dubai real estate market. Rental properties in most areas witnessed an upward trend in terms of transactions and advertised prices. The 2022 Dubai annual rental market report highlights the trends for renting apartments and villas in the popular areas of the Emirates.
The Dubai rent market offers several affordable and luxury villas and apartments for rent.
According to dubizzle’s data, users have shown interest in affordable and luxury properties for yearly, monthly and daily rentals:
- Tenants looking for yearly affordable apartments have shown more interest in the apartments for rent in Al Nahda. Whereas apartments in Dubai Marina have been searched most by individuals looking for yearly luxury apartments on rent.
- DAMAC Hills 2 has been popular among tenants seeking yearly affordable villas. Whereas those interested in renting luxury villas preferred Al Barsha.
- Tenants have also shown interest in short-term rentals. Tenants in search of affordable apartments for rent on a monthly basis have been most interested in the apartments of International City, and those looking for luxury apartments have been most interested in Dubai Marina.
- As for villas, tenants have shown high interest in DAMAC Hills 2(Akoya by DAMAC) for renting affordable villas and Palm Jumeirah for renting luxury villas on a monthly basis.
- Dubai also offers units on a daily rent basis. Tenants looking for affordable apartments on daily rent have been most interested in Al Barsha, whereas those looking for renting luxury apartments were mostly interested in Al Marina.
dubizzle’s annual rent report compares the annual asking rents from 2022 to 2021, to provide the average rental prices for apartments (yearly, monthly and daily basis) and villas (yearly and monthly basis). The report has been further segmented into popular ‘Affordable’ areas for rental apartments and villas and popular ‘Luxury’ areas for rental apartments and villas.
Top Areas for Renting Apartments in Dubai on Yearly Basis
Tenants in search of affordable rental units on a yearly basis showed interest in the apartments of Al Nahda, Jumeirah Village Circle, Bur Dubai, Deir and Dubai Silicon Oasis.
On the other hand, tenants looking for luxury apartments for rent in Dubai showed interest in the apartments of Dubai Marina, Business Bay, Downtown Dubai, Jumeirah Beach Residence and Palm Jumeirah.
Affordable Apartments for Rent in Dubai on a Yearly Basis
POPULAR AREAS | STUDIO Avg. Yearly RentChange from 2021 | 1-BED Avg. Yearly RentChange from 2021 | 2-BED Avg. Yearly RentChange from 2021 |
|---|---|---|---|
| Al Nahda (Dubai) | STUDIO Avg. Yearly RentChange from 2021
| 1-BED Avg. Yearly RentChange from 2021
| 2-BED Avg. Yearly RentChange from 2021
|
| Jumeirah Village Circle (JVC) | STUDIO Avg. Yearly RentChange from 2021
| 1-BED Avg. Yearly RentChange from 2021
| 2-BED Avg. Yearly RentChange from 2021
|
| Bur Dubai | STUDIO Avg. Yearly RentChange from 2021
| 1-BED Avg. Yearly RentChange from 2021
| 2-BED Avg. Yearly RentChange from 2021
|
| Deira | STUDIO Avg. Yearly RentChange from 2021
| 1-BED Avg. Yearly RentChange from 2021
| 2-BED Avg. Yearly RentChange from 2021
|
| Dubai Silicon Oasis | STUDIO Avg. Yearly RentChange from 2021
| 1-BED Avg. Yearly RentChange from 2021
| 2-BED Avg. Yearly RentChange from 2021
|
According to dubizzle’s data, these have been the prices and average price increases for affordable apartments for rent in Dubai on an annual basis in 2022.
- With an average rental price of AED 40k, Al Nahda Dubai was searched the most by tenants. In 2022, the average price for apartments has increased by 11.53%.
- Jumeirah Village Circle (JVC) has ranked second in the affordable apartments for rent category with an average rental price of AED 50k. In 2022, the average price of apartments in JVC increased by 21.22%.
- Bur Dubai has ranked third with an average rental price of AED 62k. The average price of apartments has increased by 16.94%.
- With an average rental price of AED 57k, Deira has ranked fourth. There has been a minor increase of 1.11% in the average price of apartments for rent in Deira.
- Dubai Silicon Oasis has ranked fifth with an average rental price of AED 45k. There has been an increase of 21.47% in the average price of apartments for rent in 2022.
DLD Transaction Information for Affordable Apartments for Rent in Dubai
Location | Average Rent | Change from 2021 |
|---|---|---|
Location Al Nahda (Dubai) | Average Rent 42,919 | Change from 2021 2.28% |
Location Jumeirah Village Circle (JVC) | Average Rent 46,405 | Change from 2021 7.48% |
Location Bur Dubai | Average Rent 53,964 | Change from 2021 1.72% |
Location Deira | Average Rent 46,604 | Change from 2021 2.57% |
Location Dubai Silicon Oasis | Average Rent 41,722 | Change from 2021 8.34% |
Data shown in the table mentions the percentage change in prices of affordable apartments for rent in Dubai comparing 2021 and 2022. The data has been sourced from DLD directly.
Luxury Apartments for Rent in Dubai on Yearly Basis
POPULAR AREAS | STUDIO Avg. Yearly RentChange from 2021 | 1-BED Avg. Yearly RentChange from 2021 | 2-BED Avg. Yearly RentChange from 2021 |
|---|---|---|---|
| Dubai Marina | STUDIO Avg. Yearly RentChange from 2021
| 1-BED Avg. Yearly RentChange from 2021
| 2-BED Avg. Yearly RentChange from 2021
|
| Business Bay | STUDIO Avg. Yearly RentChange from 2021
| 1-BED Avg. Yearly RentChange from 2021
| 2-BED Avg. Yearly RentChange from 2021
|
| Downtown Dubai | STUDIO Avg. Yearly RentChange from 2021
| 1-BED Avg. Yearly RentChange from 2021
| 2-BED Avg. Yearly RentChange from 2021
|
| Jumeirah Beach Residence | STUDIO Avg. Yearly RentChange from 2021
| 1-BED Avg. Yearly RentChange from 2021
| 2-BED Avg. Yearly RentChange from 2021
|
| Palm Jumeirah | STUDIO Avg. Yearly RentChange from 2021
| 1-BED Avg. Yearly RentChange from 2021
| 2-BED Avg. Yearly RentChange from 2021
|
| Not available due to low/no historical inventory or influx of off-plan properties | |||
According to dubizzle’s data, the prices and average price increase for luxury apartments for rent in Dubai annually have been as follows:
- In 2022, tenants looking for luxury apartments were most interested in the apartments of Dubai Marina. With an overall price increase of 48.1%, the average rent for apartments in Dubai Marina was AED 121k. Among other reasons, the price increase was due to the addition of new projects in the area, including Dubai Marina Moon Tower, Bunyan Tower, Stella Maris and Sukoon Tower.
- Business Bay has ranked second with an average rental price of AED 92k and an overall price increase of 33.49%.
- Downtown Dubai has ranked third with an average rental price of AED 191k.
- With an average rental price of AED 146k Jumeirah Beach Residence ranked fourth. The average price for apartments for rent increased by 33%.
- Palm Jumeirah has ranked fifth with an average rental price of AED 190k. The average price for apartments for rent increased by 40%.
DLD Transaction Information for Luxury Apartments for Rent in Dubai
Location | Average Rent | Change from 2021 |
|---|---|---|
Location Dubai Marina | Average Rent 93,482 | Change from 2021 -13.49% |
Location Business Bay | Average Rent 78,840 | Change from 2021 11.86% |
Location Downtown Dubai | Average Rent 117,980 | Change from 2021 17.45% |
Location Jumeirah Beach Residence | Average Rent 112,007 | Change from 2021 15.89% |
Location Palm Jumeirah | Average Rent 149,021 | Change from 2021 16.08% |
Data shown in the table mentions the percentage change in prices of luxury apartments for rent in Dubai comparing 2021 and 2022. The data has been sourced from DLD directly.
Top Affordable and Luxury Apartments for Monthly Rentals
Tenants can rent affordable and luxury apartments short-term rentals in Dubai without registering through Ejari. This makes the process of renting on a monthly basis convenient for expats and tourists alike.
As for monthly rentals, International City, Jumeirah Village Circle (JVC), Deira, Bur Dubai and Al Barsha are popular areas for affordable flats in Dubai. Whereas Dubai Marina, Business Bay, Downtown Dubai, Jumeirah Beach Residence and Palm Jumeirah are popular for luxury rental flats.
Affordable Apartments for Rent in Dubai on a Monthly Basis
According to dubizzle’s data, these have been the prices and average price increases for affordable apartments for rent in Dubai on a monthly basis in 2022.
- With an average monthly rent of AED 2,903 per month and an increase of 8.60%, International City has been searched the most in the affordable rental flat category.
- Jumeirah Village Circle (JVC) has ranked second with an average rental price of AED 6,304 and an increase of 11.91%.
- With an increase of 20.84% and an average price of AED 4,807, Deira has ranked third.
- Bur Dubai has ranked fourth with an average rental price of AED 6,720 and an increase of 8.11%.
- Al Barsha has ranked fifth with an average rental price of AED 7,793 and an increase of 24.67%.
Luxury Apartments for Rent in Dubai on a Monthly Basis
According to dubizzle’s data, these were the prices and average price increases for luxury apartments for rent in Dubai on a monthly basis in 2022.
- Dubai Marina has ranked first among luxury apartments for rent in Dubai, with an average monthly rent of AED 13.3k and an increase of 16.79%.
- Business Bay has ranked second among luxury apartments, with an average monthly rent of AED 11.7k and an increase of 11.83%.
- Downtown Dubai has ranked third among luxury apartments for rent in Dubai, with an average monthly rent of AED 19.4k and an increase of 19.47%.
- Jumeirah Beach Residence has ranked fourth with an average monthly rent of AED 18.6k and an increase of 20.63%.
- Palm Jumeirah has ranked fifth with an average monthly rent of AED 24.4k and an increase of 16.16%.
Top Affordable and Luxury Apartments for Daily Rentals
Tenants also showed interest in the affordable and luxury apartments for rent in Dubai on a daily basis:
Affordable Apartments for Rent in Dubai on a Daily Basis
According to dubizzle’s data, these were the prices for affordable apartments for rent on a daily basis in 2022.
- As for daily rentals, Al Barsha has ranked first among affordable flats for rent, with an average rent price of AED 375.
- Deira has ranked second among affordable daily rental flats for rent, with an average rental price of AED 289.
- Bur Dubai has ranked third among affordable daily rental flats with an average rental price of AED 288.
- Dubai Silicon Oasis has ranked fourth among affordable daily rental flats with an average rental price of AED 310.
- Jumeirah Village Circle (JVC) has ranked fifth among affordable daily rental flats with an average rental price of AED 361.
Luxury Apartments for Rent in Dubai on a Daily Basis
According to dubizzle’s data, the prices of luxury apartments for rent on a daily basis in 2022 were as follows:.
- With an average rent of AED 683, Dubai Marina has ranked first among luxury apartments for rent on a daily basis.
- Downtown Dubai has ranked second with an average daily rent of AED 1,515.
- Jumeirah Beach Residence has ranked third with an average daily rent of AED 830.
- Business Bay has ranked fourth with an average daily rental of AED 612.
- With an average rent of AED 1,088, Palm Jumeirah has ranked fifth.
Top Areas for Renting Villas in Dubai on Yearly Basis
Tenants looking for affordable villas for rent on a yearly basis were most interested in DAMAC Hills 2 (Akoya by DAMAC). Other popular areas for renting villas in Dubai include Mirdif, Jumeirah Village Circle, Dubailand and Deira.
On the other hand, tenants looking to rent luxury villas on a yearly basis showed interest in the villas of Al Barsha, Jumeirah, Umm Suqeim, Dubai Hills Estate and DAMAC Hills.
Affordable Villas for Rent in Dubai on Yearly Basis
POPULAR AREAS | 3-BED Avg. Yearly RentChange from 2021 | 4-BED Avg. Yearly RentChange from 2021 | 5-BED Avg. Yearly RentChange from 2021 |
|---|---|---|---|
| DAMAC Hills 2 | 3-BED Avg. Yearly RentChange from 2021
| 4-BED Avg. Yearly RentChange from 2021
| 5-BED Avg. Yearly RentChange from 2021
|
| Mirdif | 3-BED Avg. Yearly RentChange from 2021
| 4-BED Avg. Yearly RentChange from 2021
| 5-BED Avg. Yearly RentChange from 2021
|
| Jumeirah Village Circle (JVC) | 3-BED Avg. Yearly RentChange from 2021
| 4-BED Avg. Yearly RentChange from 2021
| 5-BED Avg. Yearly RentChange from 2021
|
| Dubailand | 3-BED Avg. Yearly RentChange from 2021
| 4-BED Avg. Yearly RentChange from 2021
| 5-BED Avg. Yearly RentChange from 2021
|
| Deira | 3-BED Avg. Yearly RentChange from 2021
| 4-BED Avg. Yearly RentChange from 2021
| 5-BED Avg. Yearly RentChange from 2021
|
| Not available due to low/no historical inventory or influx of off-plan properties | |||
According to dubizzle’s data, these have been the top five areas for renting affordable villas in Dubai on an yearly basis.
- With an average rent of AED 72k, DAMAC Hills 2 (Akoya by DAMAC) was searched the most among tenants looking to rent affordable villas in Dubai on a yearly basis. Previously known as Akoya Oxygen, the area offers 3 to 6 bed villas for rent.
- Mirdif has ranked second with an average rent of AED 109k. The average price of villas for rent increased by 13.22% in 2022. The family-friendly area is home to several schools, healthcare facilities and amenities.
- With an average rental price of AED 139k, Jumeirah Village Circle has ranked third among affordable villas for rent in Dubai. The average price of villas for rent increased drastically by 16.94% in 2022. JVC offers affordable villas for rent at different prices, and the available amenities make the area ideal for families.
- With an average rental price of AED 133k, Dubailand has ranked fourth. In addition to amenities, schools and healthcare facilities, the area is home to over 50 visitor attractions.
- With an average rental price of AED 118k, Deira has ranked fifth among affordable villas for rent. The average price of villas for rent in the area increased by 11.94% in 2022. The area is popular for its restaurants, retail outlets and amenities.
DLD Transaction Information for Affordable Villas for Rent in Dubai
Location | Average Rent | Change from 2021 |
|---|---|---|
Location DAMAC Hills 2 | Average Rent 61,637 | Change from 2021 6.77% |
Location Mirdif | Average Rent 131,387 | Change from 2021 2.95% |
Location Jumeirah Village Circle (JVC) | Average Rent 119,892 | Change from 2021 11.46% |
Location Dubailand | Average Rent 119,870 | Change from 2021 2.76% |
Location Deira | Average Rent 93,108 | Change from 2021 NA |
Data shown in the table depicts the percentage change in prices of affordable villas for rent in Dubai comparing 2021 and 2022. The data has been sourced from DLD directly.
Luxury Villas for Rent in Dubai on a Yearly Basis
POPULAR AREAS | 3-BED Avg. Yearly RentChange from 2021 | 4-BED Avg. Yearly RentChange from 2021 | 5-BED Avg. Yearly RentChange from 2021 |
|---|---|---|---|
| Al Barsha | 3-BED Avg. Yearly RentChange from 2021
| 4-BED Avg. Yearly RentChange from 2021
| 5-BED Avg. Yearly RentChange from 2021
|
| Jumeirah | 3-BED Avg. Yearly RentChange from 2021
| 4-BED Avg. Yearly RentChange from 2021
| 5-BED Avg. Yearly RentChange from 2021
|
| Umm Suqeim | 3-BED Avg. Yearly RentChange from 2021
| 4-BED Avg. Yearly RentChange from 2021
| 5-BED Avg. Yearly RentChange from 2021
|
| Dubai Hills Estate | 3-BED Avg. Yearly RentChange from 2021
| 4-BED Avg. Yearly RentChange from 2021
| 5-BED Avg. Yearly RentChange from 2021
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| DAMAC Hills | 3-BED Avg. Yearly RentChange from 2021
| 4-BED Avg. Yearly RentChange from 2021
| 5-BED Avg. Yearly RentChange from 2021
|
| Not available due to low/no historical inventory or influx of off-plan properties | |||
According to dubizzle’s data, the following have been the top five areas for renting luxury villas in Dubai on a yearly basis in 2022.
- Al Barsha was searched most by users looking for luxury villas for rent on a yearly basis. The average rental price in the area averaged at AED 295k. The average price of villas for rent increased significantly by 32.88% in 2022. The area is home to famous malls, including Mall of Emirates, My City Centre and Barsha South Mall. Popular tourist spots include Miracle Garden and Butterfly Garden.
- With an average rental price of AED 335k, Jumeirah has ranked second among luxury villas for rent. Among other amenities, healthcare facilities and schools, the area is home to the famous Jumeirah mosque, hotels and beaches.
- Umm Suqeim has ranked third with an average rental price of AED 279k. The average price of villas for rent in Umm Suqeim increased massively by 40.12% in 2022. Situated near the world famous Burj Al Arab, the area is divided into five sub-communities – Umm Suqeim 1, Umm Suqeim 2, Umm Suqeim 3, Umm Suqeim Road and Madinat Jumeirah Living. Each area offers a number of amenities and facilities.
- Dubai Hills Estate has ranked fourth with an average rental price of AED 325k. Famous for renting 3 to 7-bed luxury villas, DHE is home to Dubai Hills Golf Club and Dubai Hills Malls.
- With an average rental price of AED 248k, DAMAC Hills has ranked fifth among affordable villas for rent in Dubai. The area is home to a number of schools, healthcare facilities, amenities, hotels and restaurants, among other things.
DLD Transaction Information for Luxury Villas for Rent in Dubai
Location | Average Rent | Change from 2021 |
|---|---|---|
Location Al Barsha | Average Rent 167,654 | Change from 2021 NA |
Location Jumeirah | Average Rent 567,029 | Change from 2021 NA |
Location Umm Suqeim | Average Rent 499,727 | Change from 2021 NA |
Location Dubai Hills Estate | Average Rent 206,957 | Change from 2021 26.97% |
Location DAMAC Hills | Average Rent 158,657 | Change from 2021 13.79% |
Data shown in the table mentions the percentage change in prices of luxury villas for rent in Dubai comparing 2021 and 2022. This data has been sourced from DLD directly.
Top Areas for Renting Villas in Dubai on a Monthly Basis
According to user searches on dubizzle, tenants looking to rent affordable villas in Dubai searched DAMAC Hills 2 (Akoya by DAMAC). On the other hand, tenants looking for luxury units for rent in Dubai searched for the villas in Palm Jumeirah and DAMAC Hills.
- With an average monthly rental of AED 14.6k, DAMAC Hills 2 (Akoya by DAMAC) has been searched most by users looking for affordable villas to rent in Dubai on a monthly basis in 2022.
- Palm Jumeirah has ranked first among luxury villa rentals in Dubai, with an average monthly rental of AED 142k. Home to the iconic hotel Atlantis The Palm, the area is popular for renting luxury villas.
- With an average monthly rent of AED 34.4k, DAMAC Hills has ranked second among luxury villas for rent in Dubai on a monthly basis in 2022.
Commenting on the findings, Haider Ali Khan, the CEO of Bayut & dubizzle and the Head of EMPG MENA said:
“Dubai has always been an attractive city when it comes to real estate investment amongst residents as well as international investors, however, 2022 broke many records when it comes to property transactions unlike a lot of other global metropoles. Dubai, with its bespoke offerings of remarkable project handovers and lifestyle, never disappoints and has only exceeded expectations in 2022 as well.
dubizzle has also witnessed a similar outlook with traffic, recording all time highs on the platform. We’ve always been the UAE’s favourite classifieds and for the past couple of years, we’ve invested heavily in our proptech solutions not only making things easier for our property clients but also looking at the best interest of our users. We have also been working closely with the DLD to ensure accuracy coupled with our own launch of Verified Properties on the portal to help all dubizzlers find true and available properties on dubizzle. The road ahead is definitely exciting and we will continue to do our part to push the boundaries and provide a holistic experience for property seekers interested in the city, in line with visionary leadership goals of the Dubai government.”
That brings an end to our Dubai rental market report for 2022. If you are looking to buy properties in Dubai, go through our annual 2022 Dubai Sales Market Report.
Stay tuned to UAE’s leading property blog for more information on property trends in the UAE.
Disclaimer: The above Dubai rental property market report (MKT RPT YE 2022) is based on average prices of properties listed for rent on dubizzle.com, and is not representative of the actual real estate transactions conducted in the Emirate, excluding figures based on DLD data.
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