Rents and property prices in Dubai climb as transaction volumes reach record high in Q1 2022.
As of March 2022, average apartment rents stood at $21,780 (AED 80,000) while the average villa rents were $64,900 (AED 238,441) per annum.
In the rental market, the highest average annual apartment and villa rents respectively were found in Palm Jumeirah, where asking rents on average were AED 197,482, and in Al Barari, where asking rents on average were AED 801,940.
