Dubai Land Department (DLD), in cooperation with Property Finder, launched the 1st edition of Dubai’s first ever official Residential Rental Performance Index (RRPI).

 

In January 2022 the overall monthly Index recorded 0.938 and an index price of AED 51,101. apartments monthly Index recorded 0.943 and an index price of AED 46,994, while Villas/Townhouses monthly Index recorded 0.868 and an index price of AED 131,882.

 

The base year for RPPI is 2013 and the base month for the monthly index is January 2013, with the base quarter for the quarterly index being Q1 2013. According to the index, 51,452 leases were recorded in January 2022, 52% of which were new contracts, and 48% were renewed contracts, while 81% of them were annual contracts, and 19% were for non-annual.
 

51,452 leases recorded in Jan 2022

 
  • 52% new contracts
  • 48% renewed contracts
  • 81% annual contracts
  • 19% non-annual contracts

 

For the first time ever, the Dubai RPPI has been released in partnership between DLD and Property Finder. Within this insightful data, there is a plethora of information that is quite notable. In 2021, 564,036 leases throughout the year which broke a 12-year record in terms of volume for real estate rental contracts.
 

Annual leases increased by 50.3% and non-annual leases increased by 75.5% in 2021 compared to 2020.

 

When comparing the data over the last few years, it is interesting to note that, on average, the annual number of leases have increased by approximately 7% over the past 5 years but in 2021 it increased by 56% compared to 2020. However, in 2020, annual leases grew by 2% compared to 2019 and non-annual leases increased by 115.2%.

 

In January 2022, we saw over 51,452 rental contracts in the Dubai market with an even split between new and renewal contracts. As per Property Finder data the most popular apartments rental contracts were for 2-bedroom apartments with 1 bedroom trailing right behind and the most popular villa/townhouse rental contracts were for 3 bedrooms with 4 bedrooms coming in second place.

 

Most Popular Communities in 2022

 

Top areas that saw the most rental contracts registration in January 2022 according to Ejari Registrations were Jabal Ali First with 1,811 registrations followed by Naif with 1,760. Al Karama (1,754), Al Warsan First (1,601) and Al Suq Al Kabeer (1,457) were also part of the top 5 areas in 2021. These were followed by Business Bay (1,317), Al Nahda Second (1,276), Barsha South (1,192), Marsa Dubai (1,174) and Nadd Hessa (1,098). In total the top 10 areas accounted for 28% of all rental transactions in January 2022.
 

According to Property Finder residential search data, Dubai Marina was the highest searched area, accounting for more than 11% of all searches. This was followed by Downtown Dubai, Business Bay, Jumeirah Village Circle and Jumeirah Lakes Towers.

 

For Villas/Townhouse the searches in 2021 for rental properties were dominated in Jumeirah, Dubai Hills Estate and The Springs, accounting for approximately 18 percent of all searches. This was followed by Arabian Ranches and Umm Suqeim showing the extent of demand for properties on Umm Suqeim Road.

Comment as a guest.

Related Market Trends

Impact of Sports Tourism in Dubai Amidst FIFA World Cup 2022

Impact of Sports Tourism in Dubai Amidst FIFA World Cup 2022

15 - Nov Market Trends

As the world gears up for the FIFA World Cup Qatar 2022 to commence this Novembe...

Dubai Prepares for Economy Spike Amid FIFA World Cup Qatar 2022

Dubai Prepares for Economy Spike Amid FIFA World Cup Qatar 2022

27 - Oct Market Trends

In 2022, football's most prestigious tournament will take place in one of the wo...

How Digitalization is Transforming Dubai’s Real Estate Sector

How Digitalization is Transforming Dubai’s Real Estate Sector

18 - Oct Market Trends

As Dubai undergoes an era of digital transformation, the real estate sector is e...

Dubai Creek Harbour September 2022 Report

Dubai Creek Harbour September 2022 Report

07 - Oct Market Trends

Dubai Creek Harbour is a new waterfront development by Emaar P...

Dubai’s Historical Success & Continued Resilience

Dubai’s Historical Success & Continued Resilience

21 - Sep Market Trends

Dubai has come a long way since its humble beginnings as a small trading post on...

Abu Dhabi Report 2022

Abu Dhabi Report 2022

21 - Sep Market Trends

The United Arab Emirates was formed on the 2nd of December 197...

Downtown Dubai August 2022 Report

Downtown Dubai August 2022 Report

01 - Sep Market Trends

Downtown  Dubai  is  a  large-scale, ...

How UAE is Managing the Cryptocurrency Revolution

How UAE is Managing the Cryptocurrency Revolution

13 - Sep Market Trends

From the first time the word cryptocurrency appeared online in 2009, to its firs...

New Millionaire’s Haven - What This Could Mean For Dubai Residents

New Millionaire’s Haven - What This Could Mean For Dubai Residents

31 - Aug Market Trends

If you’re one of the world’s wealthiest individuals, where do you go...

The Only 'Branded Residence' Guide You'll Ever Need in Dubai

The Only 'Branded Residence' Guide You'll Ever Need in Dubai

23 - Aug Market Trends

In a city filled with luxury, it's no surprise that even homes...

Arabian Ranches July 2022 Report

Arabian Ranches July 2022 Report

08 - Aug Market Trends

A master project by Emaar Properties, Arabian Ranches is an up...

Dubai’s Short Term Rentals Witness Demand Surge in 2022

Dubai’s Short Term Rentals Witness Demand Surge in 2022

22 - Jul Market Trends

With high-rise skyscrapers, Michelin-star gourmet bistros, and...

Dubai Real Estate Transactions Exceed AED 22 Billion in June 2022

Dubai Real Estate Transactions Exceed AED 22 Billion in June 2022

30 - Jun Market Trends

Dubai Land Department (DLD) reports a total of AED 22.69 billion in real estate ...

Dubai Hills Estate June 2022 Report

Dubai Hills Estate June 2022 Report

30 - Jun Market Trends

A multipurpose, gated sub-community development of ...

Dubai Records Highest Volume of Realty Transactions In Past Decade

Dubai Records Highest Volume of Realty Transactions In Past Decade

17 - Jun Market Trends

Dubai recorded the highest ever volume of real estate transactions within the pa...

Dubai Real Estate Transactions Exceed AED 17 Billion in May 2022

Dubai Real Estate Transactions Exceed AED 17 Billion in May 2022

31 - May Market Trends

Dubai Land Department (DLD) reports a total of AED 17.76 billion in ...

Jumeirah Village Circle April 2022 Report

Jumeirah Village Circle April 2022 Report

25 - May Market Trends

Jumeirah Village Circle Q1 2022 experienced a 71% increase in real es...

Dubai Quarterly Real Estate Transactions Highest-Ever Since 2010

Dubai Quarterly Real Estate Transactions Highest-Ever Since 2010

13 - May Market Trends

Dubai’s real estate market recorded a total of 25,972 real estate transact...

Dubai Real Estate Market Surpass 25k Transactions in Q1 2022

Dubai Real Estate Market Surpass 25k Transactions in Q1 2022

29 - Apr Market Trends

Dubai’s real estate market recorded a total of 25,972 real estate transact...

Dubai Real Estate Transactions Exceed AED 6.3 Billion in April Week 3

Dubai Real Estate Transactions Exceed AED 6.3 Billion in April Week 3

22 - Apr Market Trends

About 2,145 real estate and property transactions worth AED 6.3 billion were con...

Renewed 10-Year Golden Visa for Off-Plan Investors Offer Ample Opportunities

Renewed 10-Year Golden Visa for Off-Plan Investors Offer Ample Opportunities

21 - Apr Market Trends

The UAE Cabinet, headed by His Highness Sheikh Mohammed bin Rashid Al Makto...

Dubai Land Department Make Exclusive Real Estate Data Available, Encouraging Transparency

Dubai Land Department Make Exclusive Real Estate Data Available, Encouraging Transparency

15 - Apr Market Trends

In a pioneering move to strengthen transparency in transactions and position Dub...

DUBAI REALTY TRANSACTIONS EXCEED AED 5 BILLION IN APRIL WEEK 1

DUBAI REALTY TRANSACTIONS EXCEED AED 5 BILLION IN APRIL WEEK 1

08 - Apr Market Trends

A total 2,012 real estate transactions worth 5.3 billion in total were conducted...

ABU DHABI REPORTS AED 71.5 BN IN 2021 REAL ESTATE DEALS

ABU DHABI REPORTS AED 71.5 BN IN 2021 REAL ESTATE DEALS

21 - Feb Market Trends

The thriving UAE capital reports a whopping AED 71.5 billion real estate transac...

DUBAI PROPERTY TRANSACTIONS EXCEED AED 16 BILLION IN FEB

DUBAI PROPERTY TRANSACTIONS EXCEED AED 16 BILLION IN FEB

28 - Feb Market Trends

Dubai Land Department (DLD) reports a staggering AED 16.06 billion in real estat...

 DUBAI LAUNCHES CENTRE FOR REAL ESTATE INVESTORS SERVICES AT DWTC

DUBAI LAUNCHES CENTRE FOR REAL ESTATE INVESTORS SERVICES AT DWTC

21 - Mar Market Trends

Dubai consolidates its vision to provide an exceptional experience for real esta...

NEW UAE LEGISLATION APPROVES CROWDFUNDING PRACTICES

NEW UAE LEGISLATION APPROVES CROWDFUNDING PRACTICES

28 - Mar Market Trends

In March 2022, Dubai government approved the establishment and practice of crowd...

Dubai Real Estate Transactions Exceed  AED 22 Billion in March 2022

Dubai Real Estate Transactions Exceed AED 22 Billion in March 2022

04 - Apr Market Trends

Dubai Land Department (DLD) reports a staggering AED 22.55 billion in real estat...

DUBAI RECORDS AED 1.1 BN WORTH OF REALITY TRANSACTIONS ON 5 APRIL

DUBAI RECORDS AED 1.1 BN WORTH OF REALITY TRANSACTIONS ON 5 APRIL

06 - Apr Market Trends

Dubai real estate market recorded 336 sales transactions worth AED995.74 million...

EMAAR REJOICES IN 209% INCREASE IN HIGHEST EVER SALES IN 2021

EMAAR REJOICES IN 209% INCREASE IN HIGHEST EVER SALES IN 2021

18 - Feb Market Trends

In a groundbreaking record, Emaar Properties achieves the highest ever sales per...

 DUBAI INITIATIVE PROVIDES FREE WATER REFILLS ACROSS CITY

DUBAI INITIATIVE PROVIDES FREE WATER REFILLS ACROSS CITY

18 - Feb Market Trends

An initiative launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al ...

DUBAI WINS WORLD’S MOST POPULAR DESTINATION

DUBAI WINS WORLD’S MOST POPULAR DESTINATION

14 - Feb Market Trends

The world's tallest skyscraper, the world's high...

DUBAI PROPERTY TRANSACTIONS EXCEED AED 5 BILLION IN JAN

DUBAI PROPERTY TRANSACTIONS EXCEED AED 5 BILLION IN JAN

17 - Jan Market Trends

Dubai Land Department (DLD) reports a staggering AED 5.4 billion in real estate ...

DUBAI ISSUES LAW ON EXPROPRIATION OF PROPERTY FOR PUBLIC USE

DUBAI ISSUES LAW ON EXPROPRIATION OF PROPERTY FOR PUBLIC USE

11 - Jan Market Trends

 On 11 January, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice Pr...

DUBAI RECORDS 84K REAL ESTATE TRANSACTIONS WORTH AED300 BILLION IN 2021

DUBAI RECORDS 84K REAL ESTATE TRANSACTIONS WORTH AED300 BILLION IN 2021

07 - Jan Market Trends

Dubai real estate market is experiencing a steady rise to the top, with 2021 alo...

D&B PROPERTIES: LAUNCHING NEW BRAND IDENTITY CAMPAIGN

D&B PROPERTIES: LAUNCHING NEW BRAND IDENTITY CAMPAIGN

04 - Apr Market Trends

Award-winning real estate agency D&B Properties has offici...

UAE SPACE AGENCY TO LAUNCH FIRST SPACE ECONOMIC ZONE

UAE SPACE AGENCY TO LAUNCH FIRST SPACE ECONOMIC ZONE

26 - Jan Market Trends

The UAE Space Agency and Masdar are in talks to establish the nation’s fir...

ST. REGIS: DOWNTOWN DUBAI’S FINALE PROJECT LAUNCHING SOON

ST. REGIS: DOWNTOWN DUBAI’S FINALE PROJECT LAUNCHING SOON

26 - Jan Market Trends

The monumental finale project is nearly here! Emaar Properties...

INNOVATIVE DUBAI E-PLATFORM TO PREDICT FUTURE PANDEMICS

INNOVATIVE DUBAI E-PLATFORM TO PREDICT FUTURE PANDEMICS

26 - Jan Market Trends

The Ministry of Health and Prevention (MoHAP) in Dubai has launched SPHERE, an E...

UAE INTRODUCES 9% CORPORATE TAX ON BUSINESS PROFITS

UAE INTRODUCES 9% CORPORATE TAX ON BUSINESS PROFITS

01 - Feb Market Trends

The Ministry of Finance has announced that the UAE will introd...

OVER AED 3 BILLION PROPERTY TRANSACTIONS IN FEB WEEK 1

OVER AED 3 BILLION PROPERTY TRANSACTIONS IN FEB WEEK 1

07 - Feb Market Trends

The open e-service by Dubai Land Department (DLD) records AED 3.42 billion worth...

DUBAI REAL ESTATE PASSES AED 3.9B MARK IN FEB WEEK 2

DUBAI REAL ESTATE PASSES AED 3.9B MARK IN FEB WEEK 2

11 - Feb Market Trends

Dubai’s real estate industry is off to a robust year, wi...