Top 5 popular areas to rent in Dubai

Top 5 popular areas to rent in Dubai

Rentals in Dubai rose by 1.57 per cent in May 2016 compared to April 2016.

The average rent for studio apartments rose to Dh57,000 per annum (pa) from Dh56,000 pa recorded in April, registering a growth of 2 per cent. The average rental yield stood at 7.2 per cent.

Rentals for one-bedroom units jumped rose by one per cent Dh95,000 pa, offering owners an rental yield of 7 per cent, while average leasing cost for two-bedroom units remained stable at Dh149,000 pa. Rental returns remained the lowest at 5.7 per cent.

The five most popular localities in Dubai for renting are:

  • Dubai Marina
  • Jumeirah Lakes Towers
  • Bur Dubai
  • Downtown Dubai
  • Dubai Silicon Oasis

Top localities for buying apartments in Dubai are:

  • Dubai Marina
  • Jumeirah Lakes Towers
  • Downtown Dubai
  • Dubai Sports City
  • Palm Jumeirah

Recovery on horizon

Although a number of global consultancies have predicted a slowdown in transaction activity and rental/price declines, Standard and Poor’s Ratings Services said in April 2016 that lifting of sanctions on Russia and Iran, oil price recovery and a weakened US dollar will strongly benefit the recovery of the property market.

“We still believe that the lifting of geopolitical restrictions, such the sanctions on Russia and Iran, could strongly benefit the recovery of the UAE property market. This would open new investment flows into the regions' real estate markets and partly compensate for the softening demand from other countries,” the ratings agency said.

“A rebound in oil prices as well as weakening US dollar would also likely reverse the negative trend,” it added.

As per the Dubai Land Department, over Dh55 billion worth of real estate transactions were registered in Dubai in the first three months of 2016.

Affordability on rise

Knight Frank Global House Price Index said in a report that Dubai, which was among the top cities on the global price index in 2013 and 2014, registering double digit increases, has now become an affordable place to buy real estate after prices declined 5.5 per cent.

The Wealth Report even placed Dubai ahead of cities such as Shanghai, Paris and Sydney to take the sixth spot on the list of top 10 most important city for the Ultra High Net Worth Individuals. It also stated that $1 million (Dh3.67 million) could buy 155 square metres of prime property in the emirate compared to only 17 square metres in Monaco and 21 square metres in London.

Content courtesy : emirates247.com

Apartment for Sale in London - Centurion Court South Woodford East London
Make an Enquiry
verification image, type it in the box
Latest Properties in Dubai

5 Bedroom Independent Villa for Sale in Mudon

Price : AED 5,480,000
5
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
6
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
2
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Front Of Park 4 Bedroom Townhouse in Mudon

Price : AED 3,100,000
4
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
5
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
2
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Front of Park - 4 Bedroom Townhouse for Sale in Mudon.

Price : AED 3,100,000
4
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
5
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
2
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Front of Park - 4 Bedroom Townhouse for Sale in Mudon.

Price : AED 3,100,000
4
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
5
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
2
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Classy Furnishing 1BR Apt|Free Chiller|Next to Metro

Price : AED 79,999
1
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
2
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

1 Bedroom with full Sea View on high floor

Price : AED 140,000
1
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
2
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

High number 4 Bedroom garden home villa

Price : AED 420,000
4
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
6
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
4
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

5 bedroom Atrium entry garden home villa

Price : AED 500,000
5
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
7
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
4
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

4 Bedroom Atrium Entry garden home villa

Price : AED 430,000
4
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
6
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
4
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

6 bedroom signature villa Palm Jumeirah

Price : AED 650,000
6
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
8
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
4
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Sea facing 3 bedroom with maids on high floor

Price : AED 210,000
3
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
5
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
2
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Furnished 2 bedroom full see view

Price : AED 190,000
2
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
2
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Sea facing 1 Bedroom Seafront Apartment

Price : AED 140,000
1
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
2
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Sea facing 4 bedroom penthouse at Shoreline

Price : AED 350,000
4
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
6
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
2
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Nice and cozy studio apartment with sea view

Price : AED 80,000
1
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah
Dubai South - Tenora Hotel Apartment for Sale Next to Expo 2020 Site and Al Maktoum International Airport