RIYADH: Dubai’s residential rental market has experienced an upswing in activity over the past two years, ending a negative growth cycle that persisted from mid-2015 until late 2021, according to real estate services firm CBRE.
In its latest report, the company disclosed that in the year-to-date figures up to July 2023, there was a 43.5 percent increase in the total number of tenancy contracts, reaching 325,727, compared to the agreements recorded during the same period in 2019.