The Top Three Places to Lease Are Deira, International City, and Discovery Gardens
Discovery Gardens & International City remain the cheapest places for Rent in Dubai. For studio apartments, asking rentals in these locations range from DH 21000 to DH 25000 per year. However, real estate professionals say that studio apartment rents in these regions are now hovering at about DH 20,000 per year.
A studio flat in Discovery Gardens is accessible for DH 30000. DH 34000 for a studio property with a terrace and additional storage space. Apart from International City and Discovery Gardens, Mario Volpi, sales and leasing manager at Engel & Volkers Dubai, added that Deira, Damac Hills, Dubai South, Dubai Production City (IMPZ), and Sky Courts in Dubailand also have competitive leasing rates. A brief look at the Rent in Dubai in these locations reveals several very reasonable options. A studio flat in Deira, Al Ras, for example, is only DH 17,000 for just a 13-month tenure.
International City, according to Muheeb Shaikh, a real estate broker at House, remains affordable. “Mirdiff is another neighborhood that is quickly capturing the attention of individuals looking for affordable lodging choices in Dubai. A two-bedroom apartment in Ghoroob, a non-freehold region, costs between DH 58000 and DH 63000 per year to rent. The apartments are larger than typical Dubai 2-bedroom apartments. Some of the two-bedroom condominiums here are 1,723 square feet. The annual rent for the smaller two-bedroom homes is DH 48000.
Atif Hassan, 38, recently moved into a smaller-sized flat in the neighborhood and pays DH 50000 Rent in Dubai. “I got a 13-month leased with a total of 12 checks.” It’s a wonderful deal for me personally.” According to Shaikh, the Ghoroob district in Mirdiff has multiple structures with many apartments yet available. Another trendy spot in Dubai, according to him, is Jaddaf, where a slew of new skyscrapers has sprouted. “Rent for two-bedroom apartments here is roughly DH 60000 per year.” Rental prices in surrounding localities such as Karama & Mankhool are roughly DH 70000 and DH 83000 per year, respectively.”
As per Javed Akhtar real estate professional in Dubai, three-bedroom townhouses near Academic City rent are between DH 80,000 to DH 85,000 per month. These villas are quickly filling up due to their low rental rates.
On Damac Hills 2, Al Qudra Road, Akoya is another inexpensive home development. Martin Thomas, a British expatriate who was renting a three-bedroom flat in Town Square for DH 70,000 per year, recently upgraded to a fully equipped villa in the neighborhood for DH 75,000 per year.