10 locations to find the most affordable rentals in Dubai
Looking for your first home to rent in Dubai? Or just want to find something to rent out costing a little less than your whole salary? Then read the following. We'll reveal the cheapest areas to rent an apartment in Dubai.
While market experts say rental burden on Dubai’s tenants is losing part of its weight and rentals are actually getting more affordable, tenants themselves often face the situation, when apartment for rent can cost more than the whole year’s salary of a low-income earner.
A one-bedroom residence inJumeirah Beach Residence (JBR), one of the most popular Dubai locations due to its benefits: accessibility, beach access and easy commute (through Dubai Tram and Metro), can cost in between AED95,000 and AED116,000, according to Dubai’s offcial rental index.
But not all Dubai addresses are created equal. You can easily find similarly-sized units for about half the price right next to JBR, in the neighboring developments. For example,International Media Production Zone (IMPZ)provides tenants an opportunity to rent out a spacious apartment for as low as AED50,000 per annum.
And the cheapest out of the most affordable Dubai areas to rent apartment in areDubai Investment Park(DIP), International City and Gardens, where a studio for rent can cost from AED 25,000, AED30,000 and AED 34,000, respectively.
In addition, almost everywhere in Dubai (except for the ultra-luxury locations), you can bargain and get yourself more favorable lease terms.
“There are a growing number of landlords willing to accept rental payments in multiple cheques,” Cluttons said in its latest report.
And Craig Plumb, head of research at JLL confirms, that “landlords are increasingly looking to incentivise in order to retain current tenants and have done so by setting more competitive prices and more attractive lease terms”.
Thus, here are the Top-10 cheapest areas to rent a studio apartment in Dubai, based on the RERA rental index as of April 26, 2018:
The most affordable options for renting, or on the contrary, the most luxurious apartments, villas and townhouses for sale, medium-priced family houses or just perfect first line beachfront units for investments — IMEX Real Estate can offer you exactly what you are looking for! Address professionals! Our contacts: