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Rents climb to 27.7% in 2023 as Dubai continues to attract visitors
The CBRE Dubai Residential Market Snapshot noted that average apartment and villa rents increased by 27.9% and 26.3%, respectively
Affordable apartments offer highest returns in Dubai
Some of the emirate’s best-known communities produced higher yields
The affordable housing challenge re-examined
Over the past five years, the UAE’s two biggest real estate markets, Abu Dhabi and Dubai, have acknowledged the rising housing demand from mid-income white collar workers. While Abu Dhabi has set a quota for affordable housing in new developments, Dubai is yet to implement such a measure. Developers are taking notice, albeit slowly, of the housing requirements of a previously underserved market.
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