Dubai, UAE - New and renewed rental contracts in Dubai passed one million for the first time in 2025, with a combined value of $34.7 billion (AED127.4 billion), according to data from the Dubai Land Department.
That value was up 17.6% from $29.5 billion (AED108.3 billion) a year earlier. The number of contracts rose 7.3% to 1.04 million, while annual rental value climbed 15.1% to $26.9 billion (AED98.9 billion).
New rental agreements increased 10.5% to 515,300 contracts, with a combined value of $18.8 billion (AED69.1 billion). Renewed contracts rose 4.3% to 521,600, worth $15.9 billion (AED58.3 billion).
Business Bay recorded the highest annual rental value at $1.21 billion (AED4.45 billion), an increase of 22.3%. Dubai Marina followed at $961 million (AED3.53 billion), ahead of Burj Khalifa at $958 million (AED3.52 billion).
Measured by the total value of registered rental contracts, the Burj Khalifa area led with $2.07 billion (AED7.61 billion). Business Bay ranked second at $1.50 billion (AED5.50 billion), followed by Al Barsha First at $1.20 billion (AED4.42 billion).
The Racecourse area recorded the sharpest increase in the total value of rental contracts, at 119.8%. Al Barsha South Fourth was next, up 86.5%.
