Dubai rents alert: Get a flat for as low as Dh20,000

Dubai South, International City, Sports City and Town Square are the most economical areas to rent an apartment in Dubai.

The latest data released by real estate consultancy Cavendish Maxwell showed that Dubai South is the most economical area to rent a studio and one-bedroom apartments, while International City will cost the least for a two-bed room one.

On the other hand, City Walk, Downtown and Palm Jumeirah are the costliest places in the emirate to rent an apartment, where two-bedroom costs over Dh100,000 per annum.

Average apartment rents declined 16 per cent over a 12-month period from fourth-quarter 2019 to the end of 2020. They declined four per cent on a quarterly basis.

Villa/townhouse rents were lower by 1.7 per cent on a yearly basis.

“With greater supply and the increased possibility of cost savings on rents, the market continued to be governed by tenants in the last quarter of the year. With an abundance of options now available at more affordable rates, many tenants have chosen to move into bigger spaces or better communities, or both,” said Cavendish Maxwell.

“On a yearly basis, the steepest declines in rents were observed in communities such as Al Furjan, Dubai South, International City and Jumeirah Lakes Towers,” it added.

Based on Cavendish Maxwell data, below is the low-to-high list of areas in Dubai when it comes to renting an apartment.

>> Studio:

•Dh20,460 in Dubai South

•Dh20,925 in Townsquare

•Dh21,855 in International City

•Dh23,250 in Dubai Silicon Oasis

•Dh23,250 in Dubai Sports City

•Dh23,250 in Discovery Gardens

•Dh24,180 in Al Furjan

•Dh25,000 in Arjan

•Dh26,040 in Jumeirah Village Circle

•Dh26,970 in Al Khail Heights

•Dh29,760 in Jumeirah Lake Towers

•Dh29,760 in Damac Hills

•Dh32,550 in Motor City

•Dh35,340 in Culture Village

•Dh36,270 in Barsha Heights (Tecom)

•Dh38,549 in Business Bay

•Dh40,000 in Dubai Marina

•Dh46,500 in Downtown

•Dh46,500 in Jumeirah Beach Residence

•Dh51,150 in Palm Jumeirah

>> One-bedroom apartment

•Dh26,040 in Dubai South

•Dh26,040 in International City

•Dh31,620 in Dubai Sports City

•Dh32,550 in Discovery Gardens

•Dh32,550 in Town Square

•Dh33,000 in Dubai Silicon Oasis

•Dh36,060 in Al Furjan

•Dh39,990 in Al Khail Heights

•Dh40,920 in Jumeirah Village Circle

•Dh41,850 in Motor City

•Dh42,000 in Arjan

•Dh45,570 in Jumeirah Lake Towers

•Dh46,500 in Damac Hills

•Dh49,280 in Barsha Heights

•Dh53,475 in Culture Village

•Dh55,800 in Dubai Marina

•Dh55,800 in Business Bay

•Dh60,450 in Jumeirah Beach Residence

•Dh65,100 in Downtown

•Dh88,350 in Palm Jumeirah

•Dh103,230 in City Walk

>> Two-bedroom apartment

•Dh37,200 in International City

•Dh37,200 in Dubai South

•Dh41,850 in Townsquare

•Dh47,430 Dubai Sports City

•Dh48,500 in Arjan

•Dh52,080 in Dubai Silicon Oasis

•Dh52,127 in Discovery Gardens

•Dh55,800 in Al Khail Heights

•Dh56,730 in Al Furjan

•Dh56,730 in Jumeirah Village Circle

•Dh65,100 in Jumeirah Lake Towers

•Dh65,100 in Barsha Heights (Tecom)

•Dh66,960 in Motor City

•Dh74,400 in Jumeirah Beach Residence

•Dh78,585 in Culture Village

•Dh79,050 in Business Bay

•Dh79,050 in Damac Hills

•Dh83,700 in Dubai Marina

•Dh102,300 Palm Jumeirah

•Dh102,300 in Downtown

•Dh130,200 in City Walk

This article was originally published in Khaleej Times