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Does A Shift in Rental Demand Impact the Dubai Property Market?

Dubai property market has evolved tremendously over the past couple of years and has come up with a plethora of investment opportunities for investors across the globe. The entire year has been great for Dubai real estate market. A major upsurge has been witnessed in the rental demand, as more and more people across the globe visit this city of superlatives post-pandemic. The market …

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Does A Shift in Rental Demand Impact the Dubai Property Market?

Posted by rachit on 10/01/2023
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Dubai property market has evolved tremendously over the past couple of years and has come up with a plethora of investment opportunities for investors across the globe. The entire year has been great for Dubai real estate market. A major upsurge has been witnessed in the rental demand, as more and more people across the globe visit this city of superlatives post-pandemic. The market is currently on the rise and will remain largely unharmed by the global recession. And analyzing the data shows, that there is a major shift in demand for properties.

The Dubai rental market is gearing up for more growth in the time to come. Not only this, but the key performing areas in Dubai have recorded high activity in the rental market. Moreover, according to the market study, now buyers are showing interest in bigger living spaces, in low-density areas, and investors are looking for rental properties, as the rents are increasing, and more and more tourists and visitors prefer renting out Short Term Rental Properties Dubai during their stay. 

It should be noted that the rise in demand for short-term rental properties is expected to pick up even more speed this year following the formal rollout of new visa policies implemented to spur further global tourist arrivals to the country. A growing number of UAE residents are opting to rent out their properties as holiday homes. And the new regulations will make it easier for people to do so and the demand is currently on the rise.

Overall, the global trend toward remote working and staycations has had a positive impact on the short-term vacation rental market, which remains robust.

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