Real estate experts anticipate a 400% surge in rental transactions in Dubai this January, coinciding with the completion of numerous development projects, Invest-Gate reports.

The substantial increase in property rentals is driving heightened demand for property management companies in Dubai as homeowners seek to profit from their investments swiftly.

According to the report, around 47,000 residential units were completed in Dubai in 2023, marking a significant 50% jump compared to the approximately 31,000 completed residential properties in the previous year.

Notably, the report attributes this surge to the delivery of completed housing units and a rise in long-term residency plans, including those holding the golden visa, contributing to the increased demand for rental properties in Dubai.