In Q3, The rental market reached 140,685 leases compared to 123,856 contracts in Q2 2022, the tenancy leases rose by 13.59 percent, where 58.71 percent were new contracts while 41.29 percent were renew leases.
Annual leases increased by 50.3 percent and non-annual leases increased by 75.5 percent in 2021 compared to 2020.
In October, the tenancies market reached 53,756 registered leases, of which 59.56 percent were new contracts while 40.44 percent were renewed. The annual contracts acquired 89.30 percent of the total contracts, while 10.70 percent were non-annual.
DLD have adopted the hedonic price methodology to produce the Dubai House Price Index, the hedonic imputation method recognizes that the housing market is comprised of heterogeneous goods and can be described by their attributes or...
Dubai residential rental performance index is created using a hedonic regression model
DLD has adopted the hedonic price methodology to produce the Dubai House Price Index, the hedonic imputation method recognizes that the housing market is comprised of heterogeneous goods and can be described by their attributes or their characteristics and the Dubai House Price Index will be constructed for monthly, quarterly and yearly frequencies to provide a deep understanding for the housing market in the Emirate of Dubai.
Disclaimer
At present, we do not provide any accuracy metrics, and although all due care and statistical rigour is taken with the index generation, we do not claim any forecast accuracy. Dubai Land Department and Property Finder reserve the right to adjust methodologies at any given time, and these changes will be published with appropriate user notes. Users seeking financial guidance from the DRHPI do so at their own risk and should note that some external macroeconomic features will not be captured in the model.
The DRHPI should not be used for any commercial purposes, including pricing and investment decision making or performance measurement.