Close Menu
  • WORLD
  • UAE
  • Business
  • Entertainment
  • Lifestyle
  • Sports

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Top 7 Eid Al Adha 2025 Dining Deals in Dubai You Shouldn’t Miss

June 6, 2025

Dubai RTA Announces Free Parking and Metro Hours for Eid Al Adha 2025

June 6, 2025

Titanic VR Experience Launches in Dubai This June—Step Aboard the Iconic Ship

June 5, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram Vimeo
Dubai.News: Stay Updated With The Latest UAE & Global News
Subscribe Login
  • WORLD
  • UAE
  • Business
  • Entertainment
  • Lifestyle
  • Sports
Dubai.News: Stay Updated With The Latest UAE & Global News
  • Home
  • UAE
  • Middle East
  • WORLD
  • Entertainment
Home - Real Estate - Dubai Real Estate Market to Surge as Renters Shift Towards Homeownership
Real Estate

Dubai Real Estate Market to Surge as Renters Shift Towards Homeownership

Millennials Lead the Charge Amid Rising Rents and Property Prices
Victoria DickinsonBy Victoria DickinsonOctober 15, 20242 Mins Read
Share Facebook Twitter WhatsApp Email LinkedIn Telegram
arabianbusiness

New research highlighted by Betterhomes revealed in the recent market analysis of Dubai real estate market, predicts huge growth for the sector within five years due to higher tenancy for house owning. According to the report, 66 percent of renters who participated in the survey said they are set to purchase homes in the next half year due to rising rent levels and expectation of further hikes.

As mentioned in this study millennials in the age of between 28 and 43 years are followed by generation X of between 44 and 59 years. These prospective homeowners are mostly driven by the need for security, more space in their houses, and short distances to be travelled to get to their workplaces. Some of the well known districts that are obtainable for investments are Dubai Hills Estate, Dubai Marina, Downtown Dubai, Business Bay and Arabian Ranches.

The same report also shows that the majority of the buyers, those with income less than or equal to AED 50,000 per month, cannot be considered as high er income earners, they are however keen to invest in property as the market in Dubai progresses. On the other hand, investors opt for it so as to get the needed capital appreciation.

Properties in Sub-Saharan Africa are set to experience a 5-10% increase in the one year period, which has seen tenants scrambling to acquire homes before the costs go up. Also, the significantly larger square footage with more rooms such as guest or study Accommodation that is becoming a new norm is compelling renters to join the homeowner bandwagon. The direction is likely to help ramp up the property market in Dubai since renting has become the priority of many people who seek stability and long-term investments instead of rental housing.

Print Friendly, PDF & Email
Share. Facebook Twitter WhatsApp Email Copy Link
Previous ArticleEtihad Rail Reveals Travel Times for Abu Dhabi to Dubai Passenger Train
Next Article Global Aviation Leaders Converge in Dubai to Shape Future of Air Travel at Inaugural Aviation Future Week
Victoria Dickinson
  • Website
  • Facebook
  • Instagram
  • LinkedIn

Victoria Dickinson is a seasoned journalist at Dubai.News, specializing in real estate and business news. With over a decade of experience in the industry, Victoria has a keen eye for market trends and an in-depth understanding of the economic factors influencing the real estate sector. Based in Dubai, she provides insightful analysis and comprehensive coverage of the region's dynamic property market, from luxury developments to emerging business hubs. Victoria's background in economics and finance, coupled with her passion for storytelling, allows her to deliver news that is both informative and engaging. Her articles not only inform but also help readers make well-informed decisions in the competitive real estate landscape. Outside of her professional work, Victoria enjoys exploring Dubai’s diverse neighborhoods and attending industry events to stay ahead of the latest developments.

Related Posts

Top 7 Eid Al Adha 2025 Dining Deals in Dubai You Shouldn’t Miss

June 6, 2025

Dubai RTA Announces Free Parking and Metro Hours for Eid Al Adha 2025

June 6, 2025

Titanic VR Experience Launches in Dubai This June—Step Aboard the Iconic Ship

June 5, 2025

Dubai Reserves Four Beaches for Families During Eid Al Adha 2025

June 5, 2025
Demo
Just In

Top 7 Eid Al Adha 2025 Dining Deals in Dubai You Shouldn’t Miss

June 6, 2025

Dubai RTA Announces Free Parking and Metro Hours for Eid Al Adha 2025

June 6, 2025

Titanic VR Experience Launches in Dubai This June—Step Aboard the Iconic Ship

June 5, 2025

Abu Dhabi Signs Major Deal with FilmGate to Produce 15 UAE-Based Film Projects

June 5, 2025
  • Twitter
  • Instagram
Don't Miss
Restaurant

Top 7 Eid Al Adha 2025 Dining Deals in Dubai You Shouldn’t Miss

Because Eid Al Adha 2025 falls on a four-day holiday in the UAE, there are…

Print Friendly, PDF & Email

Dubai RTA Announces Free Parking and Metro Hours for Eid Al Adha 2025

June 6, 2025

Titanic VR Experience Launches in Dubai This June—Step Aboard the Iconic Ship

June 5, 2025

Abu Dhabi Signs Major Deal with FilmGate to Produce 15 UAE-Based Film Projects

June 5, 2025

Subscribe to Updates

Get the latest updates from Dubai News.

About Us
About Us

Dubai News (Formerly Fame News) is a leading news platform founded by Sheeraz Hasan, covering UAE and international news, entertainment, and technology. It is a sister concern of Fame by Sheeraz.

Email Us: sheeraz@fame.me

Facebook X (Twitter) Instagram

Subscribe to Updates

Get the latest news from Duabai News about UAE and international news, entertainment, and technology.

Facebook X (Twitter) Instagram LinkedIn
  • About Us
  • Contact Us
  • Terms of Service
  • Privacy Policy
A Fame By Sheeraz Media Company.

Type above and press Enter to search. Press Esc to cancel.

Sign In or Register

Welcome Back!

Login to your account below.

Lost password?