Dubai real estate: Rents in prime areas fell over 20% in third quarter of 2023

Average rental prices in Dubai’s prime residential villa communities such as Jumeirah Golf Estates and Arabian Ranches saw a decrease between the third and second quarter of 2023Dubai’s prime residential communities have seen a rent decrease of an average of 21 percent in the third quarter of 2023, according to a new report by Allsopp & Allsopp.

The report suggests that the rental market saw an increase in rental transactions during the summer this year, with Allsopp & Allsopp reporting a 20 percent increase in rental transactions, as well as a 29 percent rise in new rental client registrations from July to September.

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