Are you looking to rent an apartment in Dubai? If yes, you might want to check out these rankings! We’re providing you here with all what you need to know and consider before taking the leap. From the most coveted areas to rent an apartment in Dubai to the median rent per community, find out what you can afford and how much you’re going to have to budget for those rental cheques. Lets’ start with the top 20 most searched communities for renting an apartment in Dubai:
It will come as no surprise for you to learn that Dubai Marina is acing the top as Dubai’s “it” area for renters, followed by Jumeirah Lakes Towers and Dubai Downtown.
So what makes Dubai Marina so special? Well the water-front community is truly a city within a city that provides its residents with a unique, cosmopolitan and invigorating lifestyle. The area is perfect for young families and professionals offering easy access to a beautiful beach, lots of restaurants and cafes, as well as excellent opportunities to enjoy jogging, yachting and shopping. Quite hard to beat right?
When it comes to the median price to rent an apartment in Dubai Marina and as per our latest research it currently stands at is AED 155k, AED 100k in Jumeirah Lakes Towers. For those looking for a bargain and as we recently communicated ( you can check out the full article here); International City is definitely the most affordable area with rent prices averaging AED 42k per year, followed by Discovery Gardens (AED 58k) and Dubai Silicon Oasis (AED 60k). Palm Jumeirah and Jumeirah Beach Residence stand as the most expensive communities with an average yearly rent of AED200k and AED 199,999 respectively. Watch this space as in our next article we will tackle villas, more precisely where to rent a villa and how much will it cost you in Dubai’s most popular areas! All the information provided is based on listed (advertised) prices on propertyfinder.ae and doesn’t take into account the final transaction price which might be different or properties which aren’t advertised on the company’s website. In order to provide a more balanced view, the median is used instead of the average to reduce the impact of outliers.Please refer to http://en.wikipedia.org/wiki/Median for a definition of the median. For communities with a few listings on propertyfinder.ae, the information might be less accurate than in communities with many listings. All information is provided on an “as-is” without any guarantee, however it is still a good indicator of market trends and it is useful to compare prices across communities.
