If you are working in Dubai and earn five to eight thousand dollars a month, you will have about 30k to spend on Dubai Properties for Rent. There are several popular areas for renting properties in Dubai, including JVC (Jumeirah Village Circle), Al Nahda, and the Dubai Silicon Oasis. Al Nahda, which is near the Sharjah border of Dubai, is a quiet neighborhood that offers excellent public transport. It’s also home to numerous amenities, including restaurants, retail outlets, and hotels. However, in this article, we are going to share the top five areas for rental properties. Let us have a look:
Top Five Areas for Renting Properties in Dubai
1. Business Bay
If you are considering a move to Dubai, Business Bay is one of the top areas for renting properties. There are various types of rental properties in this area, ranging from studio apartments to four-bedroom apartments. The average rental price for a studio is around AED 43,000 per year. A 1-BHK rental apartment can be rented for around AED 52,000. While a two-bedroom unit will cost between AED 79,000 and AED 200,000. Three and four-bedroom apartments can be rented for AED 125,000 to AED 775,000 per year.
Business Bay is one of the most modern and developed areas of the city. The area is famous as a business hub and is home to several high-rise office buildings. These buildings are highly sought-after by multinational companies. The area is also well-connected with various modes of transportation, including the metro, bus routes, and water taxis. Its proximity to Downtown Dubai and the Dubai Marina makes it a popular area for rental properties in Dubai.
2. Downtown Dubai
If you are looking for the Best Properties in Dubai available for Rent, then Downtown Dubai is an ideal choice. You will find apartments with beautiful views of the Burj Khalifa and Dubai Fountain. It is also close to a wide variety of business establishments and entertainment centers.
The area is also one of the most popular vacation rentals in Dubai. You can find everything from a luxury shopping mall to the world’s tallest building and largest fountain. However, the rent in this district is very high. Apartments in Downtown Dubai can be as high as AED 900,000 per year. You can also find studios and one-bedroom apartments for rent in this area, which are usually considered luxury rentals.
The demand for rental properties in Downtown Dubai is high. The region is populated by over 13,000 people and is booming with tourists. Renters can expect to enjoy higher yields if you market your rental property towards short-term lets.
3. Al Barsha
Al Barsha is one of the most popular residential and commercial areas in Dubai. This community is home to many expatriates from all over the world. The main commercial area is Al Barsha 1, while Barsha 2 and 3 have a suburban feel.
Al Barsha is a safe and peaceful neighborhood and offers residents excellent public transportation. The area’s metro and RTA buses are both available for residents to use, making it easy to get around. This neighborhood is also convenient for shopping and dining. There are plenty of supermarkets, mosques, restaurants, and other amenities to choose from.
The rental costs for apartments in Al Barsha vary, with the average 3-bed apartment renting for AED 89K a year. Those seeking a villa with more space can opt for a 4-bed townhouse, which rents for AED 185K a year. Therefore, Al Barsha is an ideal choice among Dubai Properties for Rent.
4. Discovery Gardens
The rental prices for apartments in the Discovery Gardens are on the rise. This is a good sign for investors looking for a new home in Dubai. The price of apartments has increased by about 15 percent since last year. Tenants can also enjoy a 25 percent food and beverage discount at the adjoining hotel. A one-bedroom apartment with a balcony can be rented for Dh48000 per month, spread out over 13 months. It is important to note that chiller fees are not included in the rental price.
Discovery Gardens is a very well-planned area with attractive features. There are many amenities and green spaces for tenants to enjoy. Prices for apartments in this development start from AED 32k for a studio and rise to AED 48k for a one-bedroom unit. You can also rent a two-bedroom apartment for up to AED 75k per month.
5. Jumeirah Village Circle
One of the most attractive aspects of Jumeirah Village Circle is its abundance of housing options. The area is comprised of six districts and has a high demand for rent and purchase properties. The neighborhood is popular with expat families and real estate investors and is near JLT and Dubai Marina. Its location makes it easy to commute into the city.
With more than two thousand residential units, Jumeirah Village Circle is one of Dubai’s most affordable areas for rent. Apartments here include access to amenities like a swimming pool and laundromat. Moreover, the area is home to several brand-new apartment buildings. This makes it a desirable location for renting properties in Dubai. Therefore, if you are looking for the Best Properties in Dubai available for Rent, then JVT is an ideal location.
If you are looking for a rental property in Dubai, the top five areas would be Downtown Dubai, Al Barsha, Discovery Gardens, JVT, and Business Bay. The average rent prices for these areas range from AED 20000 to AED 100000 per annum depending on the size and type of property. These areas offer a range of accommodation options with varying prices. The communities offer excellent amenities and landmarks. Including schools, hospitals, supermarkets, etc. making them popular with families and expats alike. If you are looking for the Best Properties for Rent in Dubai, mentioned are the areas you should consider.