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Many Dubai communities offer rather affordable rents under AED40, 000 per year. Read more for what areas to look at when searching for the cheapest rental options.
Dubai can hardly be called an affordable city for living, but even here you can easily find middle-to-low-priced options when it comes to accommodation for rent.
Many residential communities, especially those located outside the city center, have quite affordable housing options for rent – just under AED40, 000 a year.
At the same time, you will have to pay a fortune for renting apartments in some premium class communities, even located not close to the city center. Thus, you’d better take a look at our chart below before looking at some of such areas when searching for a cheap rental offers in order to save money and time.
Latest Asteco data suggests that International City, located just 20 kilometers from Burj Khalifa and the Dubai Mall, remains the cheapest place to stay in Dubai. Some landlords offer one-bedroom apartments for rent at AED32, 500 per annum, but there are also more expensive options up to AED42, 500 pa.
Not far from this district there are four other places most popular among tenants with a squeezed budget, where you can rent rather affordable units. They are , , and .
These options are much less burdensome for tenants’ wallets compared to renting in areas such as , where you’ll hardly manage to find something for less than AED50, 000 pa, or The Greens, where the cost of renting apartments varies from AED60, 000 to AED80,000 pa.
In Jumeirah Village, another low-cost community, average rentals range between AED40,000 and AED500,000 per year, while Dubai Sports City can offer accommodation for rent at a cost between AED40,000 and AED60,000 per annum.
For people working in Jebel Ali, Discovery Gardens is still the cheapest option, with rental rates currently ranging from AED45, 000 to AED55, 000 per year.
But, generally speaking, the expected supply of new residential buildings in the nearest future in Dubai, plus 3, 850 units that has already been completed this year, will definitely add more pressure on rental rates in 2019.
And as these new properties enter the market, tenants get more choice. Now you can afford to move to another, more suitable for you area or to afford a more spacious apartment.
For example, a one-bedroom apartment in a new residential area in Al Warsan can be rented at AED37,500 per year, which is almost three times cheaper than the cost of a similar apartment for rent on the , the most expensive place to live in Dubai at the moment. But most expensive Dubai areas to rent and buy property in is another interesting topic to talk about in our future articles.
And now here is a list of the most affordable Dubai areas to rent a property in today with approximate (average) prices for a one-bedroom unit of a similar quality in a building with a similar facilities available for tenants.
5 cheapest places to rent a one-bedroom flat/ rental rates
1. International City
AED32, 500 to AED42,500 per annum.
2. Deira
AED 35,000 to AED 65,000 per annum.
3. Jumeirah Village
AED40,000 to AED57,500 per annum.
4. Dubai Sports City
AED40,000 to AED60,000 per annum.
5. Discovery Gardens
AED45,000 to 55,000 per annum.
Discovery Gardens today can be called the most popular area among tenants who want to save on their annual rents. There are a lot of infrastructure advantages and a bus which delivers residents to Dubai Metro Station.
We at IMEX Real Estate will help you find the most affordable accommodation for rent and with the highest quality of service in almost any residential community of Dubai. Just contact us at:
Tel.:+971(50)2528188 (Whatsapp, Viber, Telegram)
Toll Free: 800-IMEX (800-4639)
IMEX REAL ESTATE BROKER LLC, UAE
Office 2502, Marina Plaza, Dubai Marina, Dubai, UAE
Email: pm@IMEXre.com
Skype: resident69
