Dubai Surpasses One Million Lease Contracts for the First Time Valued at AED 127.4 Billion
The number of registered lease contracts in Dubai surpassed one million for the first time in 2025, reaching a total value of AED 127.4 billion, representing a 17.6% growth compared to the previous year.
The number of registered lease contracts in Dubai surpassed one million for the first time in 2025, reaching approximately 1.04 million contracts with a 7.3% increase, according to Dubai Land Department data reported by Gulf News.
The total value of contracts rose 17.6% to AED 127.4 billion compared to AED 108.3 billion a year earlier, while the annual rental value increased 15.1% to AED 98.9 billion.
New contracts recorded a growth of 10.5% to 515.3 thousand contracts worth AED 69.1 billion, while renewed contracts rose 4.3% to 521.6 thousand contracts worth AED 58.3 billion.
Business Bay topped the annual rental value with AED 4.45 billion, an increase of 22.3%, followed by Dubai Marina at AED 3.53 billion, and Burj Khalifa at AED 3.52 billion, while the Racecourse area recorded the highest increase in total contract value at 119.8%.
What do these terms mean?
Registered Lease Contract: A lease agreement officially documented with the Dubai Land Department, providing legal protection to both parties.
Contract Renewal: The continuation of the same tenancy relationship for a new period, often with a review of the rental value.
Annual Rental Value: The total rent for a unit over a full year, which differs from the total contract value that may span several years.
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