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5 costliest Dubai areas for rent

16.12.2018
5 costliest Dubai areas for rent

We represent you the Top 5 Dubai places, where apartments rentals are considered to be the highest.

Recently, imexre.com has already reported of the Top 5 Dubai locations with the most affordable rental options for limited-budget tenants. But it is not by chance that Dubai is called the city of luxury and the oasis of millionaires in the Middle East; therefore, it is here where you can find the most expensive housing, both for rent and for sale.

Today we offer you to take a look at the Top 5 most expensive emirate’s areas in terms of rental properties. Most likely, most of them won’t be a surprise to you, since these locations are world famous for their status as the most unique and exclusive. But some of them may appear to be not so evidently obvious the costliest in term of rents. Read more to find, which one and why.

The winner’s palm in the race for Dubai priciest apartment rents, of course, is carried by the man-made island of Palm Jumeirah. This premium location, also offering easy access to the Dubai Metro, still commands the highest rents that can reach more than AED 100,000 per year.

The average rent for a most searched one-bedroom apartment on Palm Jumeirah stands at AED100,000 per annum, the most expensive so far, although some property owners may offer their units for as low as AED70,000 or as much as AED130,000. It all depends on the community or a building's location on the palm archipelago, as well as on accessibility, water views etc.

The second-priciest area to live in Dubai is the Dubai International Financial Centre (DIFC), where rents differ between AED70,000 and AED110,000 a year. Spread over 44 hectares between the world-famous Burj Khalifa and Emirates Towers, this area is convenient not only for work, but also for living, which results in higher rental prices. It includes three real estate clusters: commercial, residential and retail. All of them are connected via shopping corridor with F&Bs and cafes. Many companies have registered their offices here, thus living next to your work and not spending time on a long commute is a great advantage, for which you have to pay. This translates into rather high prices for rental housing.

Apartments along Shaikh Zayed Road also cost a premium, with rates between AED65,000 and AED105,000 per annum. Residential units along the main Dubai’s transport artery are some of the most popular today, especially since they are within walking distance to the Dubai Metro.

Jumeirah Beach Residence is another expensive option for tenants in search for the best accommodation, with average rents ranging between AED70,000 and AED95,000. But this piece of land in Dubai is packed to the top with the most prominent, world-known, comfortable and impressive skyscrapers, where you will definitely find yourself a good modern apartment for rent.

And finally, the ever-premium and costly Downtown Dubai, where you can find almost everything the most interesting and worth visiting and seeing in Dubai, is closing the Top five most expensive places to rent an apartment in Dubai, with asking prices for a one-bedroom unit ranging between AED60,000 and AED100,000.

And, to summarize all the above information, here is a list of the most expensive Dubai areas for renting a one-bedroom apartment.

              5 costliest Dubai areas to rent a one-bedroom apartment:

              1. Palm Jumeirah

                  Annual rent: AED70,000 to AED130,000

              2. DIFC:

                  Annual rent: AED70,000 to AED110,000

              3. Shaikh Zayed Road:

                  Annual rent: AED65,000 to AED105,000

             4. Jumeirah Beach Residence:

                 Annual rent: AED70,000 to AED95,000

            5. Downtown Dubai:

                Annual rent: AED60,000 to AED100,000

IMEX Real Estate can offer you a range of renting options both affordable and premium, expensive and exclusive, in different parts of Dubai on extremely favorable terms. Please, don’t hesitate to 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

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1 hour

Contract of the lessee and agency.

Required documents:

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Ad placement

1 day

Ad placement:
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Signing of the lease agreement
Expenses of the seller:

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Lease process (Rent)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.
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Up to 5 days

Real estate search.

Selection of optimal options.

Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

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1 hour

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Property Selection

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

Registration of the contract of purchase / sale

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Registration of the contract of purchase / sale
Customer charges:
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Additional services:

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Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

None

the management process
Contract of the owner and agency

1 hour

Contract of the owner and agency
Rendering of management services

1 year

Rendering of management services
Reporting

1 day

Reporting
Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
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From 3 days

Selection of optimal investment options
Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Expenses of the investor:
  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration
Additional services:

Property management