The Future Living: Dubai 2024 Edition report revelled that Dubai’s property market is experiencing robust growth and evolving preferences among residents.
79% of respondents preferred long-term rentals. The average rent-to-income ratio globally competitive at 30%. Finally, 36% of homeowners plan to purchase more investment properties, showcasing a growing interest in real estate as an investment option.
The report surveyed 1,612 respondents within Dubai. 77% were tenants, 23% were property owners – of which 53% were owners, while 47% had mortgages. Millennials represented 56% of all respondents and were the key drivers of demand in both rental and home ownership markets.
