Revealed: Cheapest Dubai suburb to rent studio, one-bed apartment
Dubailand developments offer best rental deals
By 24/7 news
Published Wednesday, September 30, 2015
If you are scouting for the cheapest rental deal in Dubai, look at three communities – Dubailand, Dubai Silicon Oasis and International Media and Production Zone (IMPZ).
Although new tenants can have a glance at the official rent index and be content with lower rates, remember, in their case the landlords dictate the rents. Only existing tenants are protected by the rent index cap, which Emirates 24|7 reported is being updated once a year now.
Read: Dubai rent index update once a year: Dubai Land Department
So, which is the cheapest deal based on the average asking rentals (based on market listings)?
Dubailand developments such as SkyCourts, Remraam and Arjan offer the best rental deals.
Average asking rents for studio and one-bed apartments range from Dh38,000 to Dh45,000 per annum (pa) and Dh55,000 to Dh65,000 pa, respectively.
The official rent index, issued by Real Estate Regulatory Agency (Rera), puts rentals at Dh35,000 to Dh45,000 pa for a studio and Dh45,000 to Dh55,000 pa for a one-bed unit.
Rents for studio and one-beds range from Dh40,000 to Dh50,000 pa and Dh60,000 to Dh65,000 pa, respectively. The index figures range from Dh40,000 to Dh45,000 pa and Dh50,000 to Dh60,000 pa, respectively.
Asking rentals for studio units are Dh45,000 to Dh50,000 pa, while one-bed apartments rates range from Dh65,000 to Dh70,000 pa. Rera index figures range from Dh30,000 to Dh35,000 pa and Dh35,000 to Dh45,000 pa, respectively.
Average market listing for studio units is between Dh40,000 and Dh50,000 pa. As for one-bedroom units, rentals range from Dh55,000 to Dh70,000 pa. The index reveals rents for studio and one-bed units are between Dh30,000 and Dh40,000 pa and Dh50,000 and Dh55,000 pa, respectively.
Dubai Silicon Oasis
Studio units can be leased from Dh40,000 to Dh55,000 pa, with one-beds leasing for Dh55,000 – Dh75,000 pa. The Rera index numbers range from Dh35,000 to Dh45,000 pa and Dh50,000 to Dh70,000 pa, respectively.