Dubai's suburban housing rush, properties go in minutes

Currently, the real estate market is booming in Dubai. Property in Dubai is on the rise, and the rental market in the suburbs, in particular, is showing the highest number of transactions seen in recent times.

Part of the reason for quick sales and why clients are so eager to jump at townhouses and villas in the suburbs is due to the recent remote working trend seen by many professionals. Most professionals are now splitting their working days between office and other forms of work from home.

This is also why villas are now rising more in demand compared to apartments. People now prefer extra indoor and outdoor spaces like gardens to prevent feeling restricted in their tiny apartments.

The Recent Rise In Rent

According to statistics, the average villa owner asked for 14.1% more rent in the 3rd quarter of 2021 than they did last year in the same period. And it’s not just villas that are on the rise; average apartment rents also rose by approximately 2.6%!

Q3 rental reports from Dubizzle and Bayut showed that Jumeirah Village Circle (JVC) was the most popular area in Dubai for individuals searching for budget-friendly apartments. The average price of a two-bedroom apartment in the area has risen from Q2 by roughly 4.76% to Dh62,000.

These statistics clearly show that the rental market in Dubai is on the rise and is not showing any signs of stopping anytime soon. We are confident that this trend will continue into and throughout Q4 of 2021 as well.