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The number of new leases for apartments in Dubai reached 52,173 during the third quarter of 2026, exceeding the number of lease renewal contracts for apartments of 50,0003 contracts, according to an analysis published by the Emirates Today newspaper based on DXBinteract data. The number of new contracts increased by 18.2% year-on-year, while the renewal contracts increased by 5.4%.
At the same time, the average annual rent in the new contracts for apartments fell to about $ 18.6 thousand (68.4 thousand dirhams), compared to about $ 19.1 thousand (70 thousand dirhams) in the third quarter of 2025. The average annual rent in the renewal contracts increased to about 16.3 thousand dollars (60 thousand dirhams), from about 15.8 thousand dollars (58 thousand dirhams).
The analysis showed an increase in the number of new contracts for the rent of villas to 3,579 contracts, an increase of 41.7% from the corresponding period last year, with the average annual rent falling to about 54.5 thousand dollars (200 thousand dirhams), from about 61.3 thousand dollars (225 thousand dirhams). In contrast, the average annual rent in villa leases increased by 10.3% to about $ 52.8 thousand (194 thousand and 40 dirhams), while the number of these contracts increased by 2.8%.
The analysis indicated that the increase in the number of new contracts with the decline in the average rent does not necessarily mean a decrease in the rent of each similar unit, as the characteristics of the properties covered by the contracts may vary between the two periods.
Mohammed Turki, director of real estate at Alwaleed Real Estate Group, said that the decline in the rents of new contracts in some areas represents a price correction after the previous increases, but it does not mean entering the market a general decline, as the price movement varies according to supply, demand, location, quality and services of the property. He expected more stability and balance in the market.
For his part, Raad Ramadan, Director of Awad Gargash Real Estate Company, said that the size of the supply and demand and the specifications of real estate and the available services contribute to the difference in rents between the regions. He pointed to the possibility of the difference in the rental index from the prices displayed in the announcements and the estimates of landlords, and expected the continuation of the price difference between the areas of Dubai.
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