Mo’asher Rental Performance Index – February 2022
In its second edition, the Dubai Rental Performance Index continues to give insight and transparency into the Dubai rental market. In February, we saw a total of 43,885 rental contracts of which 59 percent were new leases while 41 percent were renewals. In addition, of the total amount of rental leases, 76 percent were for annual contracts while 24 percent were for non-annual periods. When compared to February 2021, we saw a 2.86 percent increase in total number of rental contracts and a 6.96 percent increase in annual leases. As things start to settle post-pandemic and with rental prices rising, we will most likely continue to see an increase in annual contracts vs non-annual contracts.