The traffic is back but on a different level then even before the summer

How many people have moved or are continuing to move to Dubai?

If we go by the sales / communications we have ongoing on a daily basis - the pace of investment / migration is accelerating from all parts of the world.

• 10.6 M visitors in 7 months have visited Dubai - up 8% from last year.

• Occupancy rates in 151,000 hotel rooms is averaging 77% (76% last year).

• Thousands of units in existing supply are catering to the short term rental market as well.

Long term rentals continue to skyrocket putting real inflationary pressures in the city.

• It is not uncommon to see 1 bedroom luxury waterfront apartments with asking rents north of AED 350,000 per annum.

• In 2021, Dubai recorded its first ever rental at AED 1,000,000 / annum.

• Now it’s very common to see luxury villas in prime communities with AED 1.5 - 2.5 M rents.

In August 2024, with at least half the city away

• 16,000 transactions were recorded

• The second best of the year.