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The latest figures from the Dubai Land Department covering the recent holiday and weekend period show a busy rental market. With a total of 1,428 contracts registered, the collective value of these leases hit a solid AED 152.6 million.
The following breakdown was aggregated using Excel Pivot Tables from the transaction-wise data file derived from the Dubai Land Department (DLD) website, it's useful information for people interested in the real estate market and in Dubai in particular.
Al Habtoor Tower – Luxury Living in Dubai’s Al Habtoor City
Source: Building Arabia.
Key Market Remarks
The market activity continues to be dominated by two major factors: Freehold properties and Residential use.
Freehold Dominance: Freehold areas took the lion's share of the market value, with AED 99.62 million from 796 leases. This means about 65.3% of the total contract value was generated by Freehold areas. Non-Freehold areas contributed AED 52.99 million from 632 transactions.
Residential use: Rental activity remains mainly centered on where people live. Residential leases had the bulk of the value and volume, registering 1,214 transactions for a total of AED 115.86 million.
- Commercial leases came as the next segment, with 207 contracts valued at AED 35.92 million.
- Industrial activity was minimal, totaling AED 618,080 from 4 contracts.
Property Type Breakdown
The analysis of property types confirms the apartment sector's robust health, but also highlights substantial commercial interest.
| Property Type | Contract Count | Total Value (AED) | Notes |
|---|---|---|---|
| Unit / Flat | 2,328 (Combined) | AED 130.16 Million | The vast majority of activity is in apartments (Units: 1,289; Flats: 1,039). |
| Villa | 103 | AED 21.54 Million | The villa market remains strong on a per-transaction basis. |
| Shop | 79 | AED 24.47 Million | Significant value from the retail segment. |
| Office | 71 | AED 7.44 Million | Steady commercial leasing. |
| Labor Camps | 60 | AED 12.33 Million | A notable segment in the commercial/industrial space. |
It's clear that the combination of 'Unit' and 'Flat' (often representing apartments) is the primary driver of both volume and overall value. However, the commercial segments like Shops and Labor Camps contributed substantially to the total contract value, despite having a lower volume count.
Top 10 Locality Performance (By Value)
Rental demand was highly concentrated in a few key districts, particularly established commercial and residential hubs. The top 10 localities alone were responsible for almost AED 70 million of the total value.
The top five performing areas by total contract value are:
- Business Bay: AED 17.96 million
- Burj Khalifa: AED 11.63 million
- Al Barsha South Fourth: AED 7.43 million
- Al Goze Industrial First: AED 5.56 million
- Marsa Dubai: AED 4.81 million
Other key areas like Jabal Ali Industrial First (AED 4.73M), Al Khairan First (AED 4.38M), and Al Warsan First (AED 3.2M) also saw strong activity. The remaining 118 localities combined generated around AED 88.5 million, highlighting a very diverse demand spread across the city, though the high-value leases remain centralized.
Summary
In short, the Dubai rental market showed solid momentum over the date of this report. The transaction data indicates a market focusing on residential apartment leases in Freehold areas. Key districts like Business Bay and Burj Khalifa secured the highest transactions in value, but the major activity across over 120 localities confirms a healthy, diversified, and active rental trend.
Disclaimer
This report is based on publicly available data and Dubai Land Department (DLD) transaction summaries as of the date mentioned in the title of this post.
Final and detailed figures from the DLD may vary upon official release.
1 US Dollar = 3.672 UAE Dirhams
This report is merely informative, and all investments come with risk. You are responsible for your decisions.