Dubai property rental market demonstrated resilience in Q2 2022, with a notable 27% year-on-year increase in average rents, driven by robust demand in prime areas like Palm Jumeirah and Downtown Dubai. The average apartment rent reached AED 91,795, while villas averaged AED 274,740 annually. A significant 81.41% of rental contracts were annual, reflecting a tenant preference for longer-term leases amid rising living costs. Despite global economic challenges, Dubai's real estate sector attracted substantial investment, with a 44% year-on-year rise in transaction volumes and a 22% increase in average transactional prices per square foot, reaching AED 1,391. The luxury segment also saw remarkable growth, with transactions above AED 10 million increasing by 113%. For a comprehensive analysis, visit Morgan’s International Realty’s full report: