A recent report by Betterhomes has unveiled that property owners in Dubai are earning an average of Dh13,000 more per month than tenants, largely due to a significant increase in rental prices over the last three years.

According to “The Future Living: Dubai 2024 Edition” report, tenants in Dubai earn an average monthly income of Dh32,303, while property owners see their earnings reach Dh45,616, a difference of 41%.

A Glimpse of Dubai Real Estate Market in 2024

The report highlights the rapid growth of the Dubai real estate market in 2024, with rental prices soaring, making property ownership increasingly profitable. Industry officials attribute this surge in earnings to a combination of factors, including the city’s booming population and Dubai’s growing appeal as a global business hub.

According to analysts, the demand for properties, both residential and commercial, continues to climb as more expatriates and investors flock to Dubai. “Owning property in Dubai is not just a lifestyle choice anymore, it’s a strategic investment,” said a senior real estate consultant. “With rent prices increasing steadily, landlords are in a favorable position to capitalize on the market.”

Property Owner vs Tenant Earnings – What the Future Holds?

Looking forward, experts predict that the gap between property owner and tenant earnings will likely widen. The continuous rise in rent, coupled with Dubai’s evolving infrastructure, is expected to drive demand for property ownership even further.

This trend raises important questions for potential investors: Is now the right time to invest in Dubai property, or will rent hikes continue to make ownership the smarter choice? Share your thoughts below!