A recent report from Espace Real Estate highlights the top foreign investors in Dubai’s property market for the third quarter of this year, led by nationals from the UK, Netherlands, India, Ireland, and France, Invest-Gate reports.

Western investors maintained the highest share, accounting for six of the top ten foreign investor nationalities in Dubai’s real estate sector.

Also, the report underscores substantial rental increases in two key areas. Palm Jumeirah and Bluewaters Island recorded the highest rental growth for villas and apartments, respectively, compared to Q3 of last year.

Villa rents in Palm Jumeirah surged by 200%, with average rents climbing from AED 609,000 in Q3 2023 to AED 1.8 mn this quarter. Bluewaters saw a 23% increase in apartments, with rents rising from AED 376,000 to AED 463,000.

Moreover, Palm Jumeirah experienced the largest rise in villa rental rates, with a 200% increase year over year. Jumeirah Islands ranked second with a 97% increase, with average villa rents jumping from AED 378,000 to AED 746,000. Tilal Al Ghaf was third, with average villa rents rising by 50%, from AED 180,000 to AED 271,000.

Furthermore, Bluewaters topped apartment rental growth, with a 23% rise in average rents over the past year. City Walk followed with a 21% increase, with average rents moving from AED 203,000 to AED 246,000, while JBR saw a 19% increase, bringing average rents up from AED 132,000 to AED 156,000 in 2024.

The report highlights Dubai’s continued attraction as a top destination for global real estate investors, with strong rental returns in prime locations.