Still, struggling to pay the rent? You’re obviously not alone. While property experts say housing costs are getting cheaper, tenants in Dubai are still seeing apartments that cost more than the whole year’s salary of a low-income earner.
A one-bedroom flat in Jumeirah Beach Residence (JBR), a popular neighborhood because of its proximity to the beach and accessibility to the Dubai Tram or Metro, can cost anywhere between Dh95,000 and Dh116,000, according to Dubai’s rental index.
But not all places are created equal. Renters can find similarly-sized units, albeit farther away, in other communities. In International Media Production Zone (IMPZ), residents can rent flats for about half the price of Dh50,000.
Overall, apartments in non-freehold locations offer the cheapest options for tenants, with areas like Al Awir, Al Quoz, and Al Qusais offering the minimum rates for studio apartments at Dh19,000, Dh21,000, and Dh25,000, respectively.
For those who are on the lookout for freehold properties, the top locations to check out are our Dubai Investment Park, International City, and Gardens, where a studio can be rented for Dh 25,000 Dh30,000 and Dh34,000, respectively.
According to Reidin, apartment rental prices registered an annual decline of 7.3 percent in the first quarter of 2018, while villa rates dropped by 10.15 percent. And, as more newly completed units become available to rent, there are certainly good deals – and incentives – to be had.
“There are a growing number of landlords willing to accept rental payments in multiple cheques,” Cluttons said in its latest report.
“Landlords are increasingly looking to incentivize in order to retain current tenants and have done so by setting more competitive prices and more attractive lease terms,” said Craig Plumb, head of research at JLL Middle East and North Africa.
Based on the rents indicated in the RERA rental index as of April 26, 2018, here are the cheapest and most expensive places for a studio apartment in Dubai:
10 cheapest areas for non-freehold (studio)
- Al Awir: 19,000 to 23,000
- Al Ehibab: 21,000 to 25,000
- Al Qouz: 25,000 to 31,000
- Al Qusais: 27,000 to 33,000
- Al Tawar: 28,000 to 34,000
- Al Baraha: 28,000 to 34,000
- Al Muhaisnah- Fourth: 30,000 to 36,000
- Satwa: 30,000 to 40,000
- Al Jaffliya: 30,000 to 40,000
- Abu Hail: 31,000 to 37,000
10 cheapest areas for freehold (studio)
- Dubai Investment Park: 25,000 to 35,000
- International City: 30,000 to 36,000
- Gardens: 34,000 to 42,000
- International Media Production Zone: 35,000 to 43,000
- International City CBD: 36,000 to 44,000
- Discovery Gardens: 38,000 to 46,000
- Dubai Silicon Oasis: 38,000 to 46,000
- Dubai Sports City: 42,000 to 52,000
- Green Community DIP: 42,000 to 52,000
- Jumeirah Village: 43,000 to 53,000