TOP 7 Reasons to Rent Out an Apartment in Dubai 📊

1.Growing Rental Rates
During 2023–2024, apartment asking rents have increased by 15.4%, reaching an average annual rent of $24,800. The highest increase was recorded for 1-bedroom apartments – 18.5%.

2.Growing Demand
Almost 3 million people or 77% of Dubai's population prefer to rent property. The emirate's population grows every year. In January – September 2024, population increased by 130,000 people.

3.High Rental Yield
Dubai's average annual gross rental yield is 8%. For comparison:
New York – 5.3%
Moscow – 3.7%
London – 3.6%

4.Stability
80% of tenants prefer long-term rent (5–15 years). Payments are typically made in advance for the entire year, providing landlords with a significant sum.

5.Return on Investment
In Dubai, the average investment payback period for rental properties is 9 years. For comparison:
New York – 17 years
London – 24 years
Moscow – 27 years

6.Tax Benefits
Rental income in Dubai is tax-free. In contrast, taxes on rental income in London can reach up to 45%.

7.Stable Currency
The UAE dirham (AED) is pegged to the US dollar, offering income stability and protection from currency risks.