• About us
  • Community
  • Terms
  • Privacy
  • Contact Us
Sunday, June 26, 2022
  • Login
Dubai News TV - Dubai News
  • Home
  • UAE
    • Dubai
    • Sharjah
    • Abu Dhabi
    • Ajman
    • Ras Al Khaimah
    • Fujairah
    • Umm Al Quwain
  • REGION
    • Asia
    • South Asia
      • Pakistan
      • India
      • Bangladesh
      • Afghanistan
    • Middle East
    • GCC
    • MENA
    • Europe
    • Africa
  • Business
    • Global Business
    • Local Business
    • Markets
  • REAL ESTATE
  • Expo 2020
  • Meet The CEO
  • Horoscope
  • PR
  • more
    • Opinion
    • EDITOR’S CHOICE
    • The Big Read
    • Viewpoint
No Result
View All Result
  • Home
  • UAE
    • Dubai
    • Sharjah
    • Abu Dhabi
    • Ajman
    • Ras Al Khaimah
    • Fujairah
    • Umm Al Quwain
  • REGION
    • Asia
    • South Asia
      • Pakistan
      • India
      • Bangladesh
      • Afghanistan
    • Middle East
    • GCC
    • MENA
    • Europe
    • Africa
  • Business
    • Global Business
    • Local Business
    • Markets
  • REAL ESTATE
  • Expo 2020
  • Meet The CEO
  • Horoscope
  • PR
  • more
    • Opinion
    • EDITOR’S CHOICE
    • The Big Read
    • Viewpoint
No Result
View All Result
Dubai News
  • Top News
  • UAE
  • REGION
  • Business
  • World
  • REAL ESTATE
  • Entertainment
  • ENVIRONMENT
  • Expo 2020
  • FEATURED
  • Horoscope
  • Meet The CEO
  • Road To Financial Freedom
  • Opinion
  • PR
  • Sports
  • Tech
  • Video Posts
Home UAE Dubai

Rents to sustain an upward trend as Expo 2020 Dubai generates property demand

by Dubai News
October 24, 2021
in Dubai, PR, REAL ESTATE, Top News
Reading Time: 4 mins read
146 7
A A
dubai expo 2020
2.2k
VIEWS
Share on FacebookShare on Twitter
  • Higher rental prices expected in Q4, based on upward trends in Q3 and Q2, 2021.

  • Areas closer to Expo 2020 site to yield high returns for property owners

  • Up to 14% hike in affordable housing and 30% increase in luxury property rents likely in Q4

 

The Dubai real estate sector has witnessed an upward trend in the rental market in Q3, 2021, with an estimated 14% increase in affordable housing and up to 30% increase in luxury housing in selected areas. The fourth quarter is expected to follow suit with the commencement of Expo 2020 Dubai, according to Zoom Property Insights.

The first ten days of the marquee event recorded 411,768 visitors, and it is expected to welcome up to 25 million visitors from different countries throughout its six-month run. From these figures, it can be ascertained that the areas located close to the event site will remain busy during this world fair. There is an expected growth both in terms of rental prices and demand in these areas.

RelatedPosts

Dubai: Luxury property set to double its market share in 2022

Russia to send Belarus nuclear-capable missiles within months

Taliban call for unfreezing of bank funds after deadly earthquake

Dubai property market quarterly reports from different property portals show that the Q3 saw an increased activity in Jumeirah Village Circle (JVC), Al Nahda, Bur Dubai, Dubai Silicon Oasis and Deira for affordable flats, while tenants seeking luxury apartments for rent preferred Dubai Marina, Downtown Dubai, Jumeirah Beach Residence (JBR), Palm Jumeirah, and City Walk.

Mirdif, DAMAC Hills 2, JVC, Reem and Dubai South topped the charts for affordable rental villas. For luxury villas, Jumeirah, Al Barsha, Umm Suqeim, Arabian Ranches and Dubai Hills Estate remained the top pick of tenants. As per Zoom Property Insights, these areas will remain at the forefront in Q4, 2021 as well.

The shift of demand towards large homes, return of foreign investors to Dubai, and expatriate-friendly policies are the major reasons accredited to increase in demand and property prices, apart from the ongoing Expo 2020. The recently announced golden visa scheme and 100% business ownership policies have also resulted in increased entrepreneurial and investment activities in Dubai. The change due to these policies is reflecting in the rental property market, as both the demand and prices are witnessing substantial growth this year so far.

Mr Ata Shobeiry, CEO at Zoom Property, said: “The promising statistics in 2nd and 3rd quarters of 2021 paved the way for a strong fourth quarter. Due to the ongoing Expo and a strong comeback by the Dubai property market post-pandemic setback, rental prices will see a significant increase in the last quarter.”

Apart from the rental market, property sales are also speculated to witness a surge in Q4, as the third quarter showed promising results. With 15,926 deals worth AED 42.35 billion, it has become the best ever third quarter vis-à-vis transaction value in the history of the Dubai property market.

Tags: apartment for rent in dubaiapartments for rent in dubaiapartments for sale in dubaibuy property in dubaidubai apartments for rentExpo 2020 Dubaipenthouses in dubaiproperties for rent in dubaiproperties for sale in dubaiproperty for rent in dubaiproperty for sale dubaiproperty for sale in dubaiproperty portals dubaiproperty portals uaereal estate portalrent property in dubaivilla for rent in dubaivilla for sale in dubaiwxpo 2020zoom propert
Share9Tweet6Share2Send

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
">
ADVERTISEMENT

Related Posts

Dubai Luxury property
REAL ESTATE

Dubai: Luxury property set to double its market share in 2022

June 26, 2022
4.2k
Russia to send Belarus nuclear-capable missiles within months
NEWS

Russia to send Belarus nuclear-capable missiles within months

June 26, 2022
2.2k
Taliban call for unfreezing of bank funds after deadly earthquake
Afghanistan

Taliban call for unfreezing of bank funds after deadly earthquake

June 26, 2022
2.2k
Zelenskyy urges Glastonbury crowd to spread truth about war
Top News

Zelenskyy urges Glastonbury crowd to spread truth about war

June 26, 2022
2.2k
Industry experts say the top three categories of residency are golden, silver and retirement visas
UAE

UAE: Golden and silver visas most popular among investors

June 24, 2022
4.8k
SriLankan Airlines
Business

SriLankan Airlines looking for a strategic partner

June 24, 2022
3.6k

Popular News

  • zoom property

    Palm Jumeirah, Downtown Dubai most popular areas as per square feet price increase

    27 shares
    Share 44 Tweet 28
  • Top nationalities continue to invest in Dubai real estate

    18 shares
    Share 50 Tweet 31
  • What do VCs look for when investing in early-stage start-ups

    28 shares
    Share 28 Tweet 18
  • Dubai home sales surged 55.9% in April

    34 shares
    Share 24 Tweet 15
  • Dubai’s luxury home market to continue its golden run in 2022

    57 shares
    Share 23 Tweet 14
  • Are you looking for an investor visa in Dubai?

    36 shares
    Share 17 Tweet 11
  • Dubai rents to pick up further in 2022

    24 shares
    Share 19 Tweet 12
  • Coding, automation set to drive the digital economy

    31 shares
    Share 12 Tweet 8
  • Dubai real estate retains its appeal with record transactions in Q1

    28 shares
    Share 18 Tweet 12
  • Approximately 7,000 residential units will come online in Abu Dhabi this year

    27 shares
    Share 11 Tweet 7
Currently Playing

Zoom Property Insights - How Expo 2020 is Shaping up the Dubai Property Market | Dubai News TV

Zoom Property Insights - How Expo 2020 is Shaping up the Dubai Property Market | Dubai News TV

00:03:34

Learn When is Best Time to invest in Real Estate Market

00:08:02

Managing Personal Liquidity in 7 Steps | Shailesh Dash | Dubai News TV

00:11:27

The World Plays The UAE National Anthem

00:02:13

Meet the CEO : BANKING ON RAJEEV KAKAR

00:25:20

About US

DubaiNews.Tv is a fast-growing Dubai-based digital platform that covers news, happenings and current affairs with a central focus on Dubai, UAE, Gulf, Middle East. It also features regional and international news activities in addition to exclusive reports, interviews and special videos.

info@dubainews.tv

dubainews.tv@gmail.com

Follow Us

Browse by Category

  • Abu Dhabi
  • Afghanistan
  • Africa
  • Ajman
  • Asia
  • Bangladesh
  • Business
  • CPEC
  • Dubai
  • EDITOR'S CHOICE
  • Entertainment
  • ENVIRONMENT
  • Europe
  • EXCLUSIVE
  • Expo 2020
  • FEATURED
  • Featured Stories
  • Forex
  • Fujairah
  • GCC
  • Global Business
  • Health
  • heath
  • Horoscope
  • India
  • International
  • Iran
  • JOBS
  • Lifestyle
  • Local Business
  • Markets
  • Meet The CEO
  • MENA
  • Middle East
  • MORE
  • Movie
  • NEWS
  • Opinion
  • Pakistan
  • Philippine
  • Philippines
  • PR
  • Ras Al Khaimah
  • REAL ESTATE
  • REGION
  • Road To Financial Freedom
  • Russia
  • Science
  • Science
  • Sharjah
  • South Asia
  • Space
  • Sports
  • Spotlight
  • Sri Lanka
  • Startup
  • STOCKS
  • Syria
  • Tech
  • The Big Read
  • Top News
  • Travel
  • Tunisia
  • turkey
  • UAE
  • Umm Al Quwain
  • Uncategorized
  • Video Posts
  • Viewpoint
  • Weather
  • World

Recent News

Ukraine Becomes an Official EU Membership Candidate

Ukraine Becomes an Official EU Membership Candidate

June 26, 2022
Russia’s Welcome at Brics Summit Shows Disconnect With West

Russia’s Welcome at Brics Summit Shows Disconnect With West

June 26, 2022
Jury takes fraud case against Elizabeth Holmes’s ex-partner

Jury takes fraud case against Elizabeth Holmes’s ex-partner

June 26, 2022
Moderna COVID-19 shots now an option for older kids in US

Moderna COVID-19 shots now an option for older kids in US

June 26, 2022
LGBTQ youth of faith retell their stories to inspire others

LGBTQ youth of faith retell their stories to inspire others

June 26, 2022
  • About us
  • Community
  • Terms
  • Privacy
  • Contact Us

© 2022 DNTV - Powered By LSG GROUP.

No Result
View All Result
  • Top News
  • UAE
    • Dubai
    • Abu Dhabi
    • Ajman
    • Fujairah
    • Ras Al Khaimah
    • Umm Al Quwain
  • REGION
    • Middle East
    • GCC
    • MENA
    • South Asia
      • Afghanistan
      • Bangladesh
      • India
      • Pakistan
    • Asia
    • Africa
    • Europe
  • Business
    • Global Business
    • Local Business
    • Markets
  • World
  • REAL ESTATE
  • Entertainment
  • ENVIRONMENT
  • Expo 2020
  • FEATURED
    • Featured Stories
  • Horoscope
  • Meet The CEO
  • Road To Financial Freedom
  • Opinion
    • EDITOR’S CHOICE
    • The Big Read
    • Viewpoint
  • PR
  • Sports
  • Tech
  • Video Posts

© 2022 DNTV - Powered By LSG GROUP.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.