Dubai rental contracts exceed 1 million for first time as value hits Dh127.4b
Dubai: Dubai's rental market surpassed one million registered contracts for the first time in 2025, with their combined value reaching Dh127.4 billion, up 17.6 per cent from Dh108.3 billion a year earlier, according to data from the Dubai Land Department. The number of contracts rose 7.3 per cent to 1.04 million, while the annual rental value climbed 15.1 per cent to Dh98.9 billion, reflecting…
In 2025, Dubai's rental market achieved a significant milestone: over one million registered rental contracts, marking its first such figure. The total combined value of these contracts soared to Dh127.4 billion, a substantial 17.6 percent increase from the previous year's Dh108.3 billion, according to figures from Dubai Land Department.
The count of contracts surged by 7.3 percent, reaching 1.04 million units, while the annual rental value expanded by 15.1 percent, hitting Dh98.9 billion, signaling a robust growth trajectory in the emirate's property sector.
The number of new rental agreements climbed 10.5 percent, amounting to 515,300 contracts, with a combined value of Dh69.1 billion. Renewed contracts saw a 4.3 percent rise, totaling 521,600 agreements, valued at Dh58.3 billion, underscoring persistent demand and market stability. Business Bay emerged as the leading district in terms of annual rental value, accruing Dh4.45 billion, marking a 22.3 percent increase.
Dubai Marina and Burj Khalifa followed with Dh3.53 billion and Dh3.52 billion respectively. Nonetheless, Burj Khalifa district led in the cumulative value of registered rental contracts, amounting to Dh7.61 billion. Business Bay claimed second place with Dh5.50 billion, trailing Al Barsha First at Dh4.42 billion.
Emerging residential communities contributed to the rental market's dynamism, as evidenced by the Racecourse area, which witnessed the most substantial rise in rental contract values, surging by 119.8 percent. Al Barsha South Fourth experienced an 86.5 percent increase, further illustrating the expansion of rental activity and demand into new residential zones.
Despite the market's growth, Dubai's rental rates remained stable in the first quarter of 2025, reflecting a period of market equilibrium amidst robust demand. Dubai real estate recorded its highest-ever January transaction numbers, affirming the property market's peak performance in 2025, culminating in a historic Dh682.5 billion in sales for the year.
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