In case you needed further evidence why renting makes much more sense than buying in Miami these days, the city just ranked No. 1 in the wrong kind of list: the 2025 UBS Global Real Estate Bubble Index. 

UBS studied 20 major cities worldwide and concluded that Miami is the most overvalued when it comes to housing prices. It cited how Miami posted the highest inflation-adjusted home price appreciation among all cities studied over the past 15 years. 

“Despite housing affordability for buyers being near historic lows, owner-occupied home prices have continued to diverge from rents,” according to a Fund Society analysis of the UBS report. “The current price-to-rent ratio has even surpassed the extremes of the 2006 housing bubble, indicating a high bubble risk.” 

The report also touched on Miami’s ongoing condominium ownership challenges, as owners of older condos in the city struggle to comply with post-Surfside association reserve, repairs and recertification requirements. 

Fortunately for those in Miami grappling with the buy-or-rent dilemma, Douglas Enclave has brand-new apartments available at attainable rents. 

Douglas Enclave is an 11-story, 199-unit building with thoughtful mix of studio apartments, one-bedrooms, two-bedrooms and townhomes for rent. Individual apartments feature vinyl-wood flooring, open-concept kitchens, stackable washer/dryer units and efficient appliances. 

Additional building amenities include a club lounge, bike racks, gated parking garage and a package delivery room. Douglas Enclave is extremely transit-friendly and located next to a Coral Gables Trolley stop. 

Little Havana is one of Miami’s most popular neighborhoods to live in because of its convenient location, rich history, culture and many things to do. The neighborhood is perfectly positioned near the world-class shopping and dining of downtown Coral Gables, and a short drive from Miami’s bustling Brickell financial district. 

For more information about Douglas Enclave, call (786) 610-4811 or visit the leasing office located at 61 NW 37 Ave. between 9:30 a.m. and 6 p.m. from Monday to Friday, and between 10 a.m. and 5 p.m. on Saturday. Douglas Enclave is part of Miami-Dade County’s Workforce Housing Program – contact the leasing team for more details and qualification requirements.