Economy Local February 17, 2025

Developments in the Rental Sector in the UAE

The report by Harbore Real Estate highlights the most prominent developments and changes in the rental sector, specifically in the residential segment, detailing the effects of the current market.


Developments in the Rental Sector in the UAE

The company "Harbor Al-Iqariya" presented a report, in which it described the main trends and changes in the real estate rental sector in the area of residential real estate.

According to this report, there has been a stable increase in rental rates recently, both in the context of stable demand for housing and in connection with changes in legislation aimed at improving rental market regulations.

Particular attention is given to price dynamics for residential properties in large cities, where the rental market is most active. Analysts note price increases in both primary and secondary markets, which are linked to a shortage of supply and increased demand.

One of the key findings of the report was that the stabilization of the residential rental market is observed, along with a shift towards the preference for long-term contracts, indicating the establishment of a more mature and stable real estate market.

"We see that the rental market goes through periods of significant changes and adaptations under the influence of multiple factors, and this creates both risks and opportunities for investors and tenants," noted the company's representative.