Rental prices in many residential areas of Dubai have been increasing in the past year, but there are neighbourhoods in the emirate that have not seen a significant rise in rent compared to the more prime locations, the National News reported.
According to property consultancy Asteco, average rents for apartments rose 4 per cent from the first quarter of 2022, while villa rents increased 6 per cent.
But there are neighbourhoods in the emirate that have not seen a significant rise in rent compared to the more prime locations such as Palm Jumeirah, Dubai Hills and Dubai Marina.
Muhammad Saad, a property consultant at Aeon and Trisl Real Estate Brokers, said residential districts on the outskirts of the city are becoming popular.
Here, Saad highlights some of the top areas in Dubai that have seen the least increases in the rent this year.
Even though there is still some construction happening in this area, Dubai South offers attractive apartment rents for those looking to live closer to the Expo 2020 site and Dubai World Central airport.
Studio apartments are as low as Dh20,000, while some two-bedroom flats are going for up to Dh55,000, depending on the size and location.
There are also townhouses in the area that are priced low, with two-bedroom units for Dh45,000 to Dh55,000.
Dubai Production City (IMPZ)
There is not a lot of development in this area, so rental prices have not seen a significant rise.
But residents have access to facilities in nearby neighbourhoods such as Jumeirah Village Triangle and Dubai Sports City.
Studio apartments are going for as low as Dh22,000, many one-bedrooms start at Dh30,000 and two-bedrooms are between Dh40,000 to Dh55,000.
There are no villas or townhouses in this neighbourhood, but it is close to the Jumeirah Golf Estates.
Damac Hills 2
This residential district has become popular over the past two to three years for its low rents on apartments and townhouses.
Even though there has been an increase in rent in this area, it still offers affordable prices, with a three-bedroom townhouse going for Dh60,000, up from Dh45,000 last year and the year before.
Rents for studio apartments start at Dh20,000 and go up to Dh80,000 for three bedrooms.
There has also been a lot of development in the area and residents now have access to hypermarkets, pharmacies and a few restaurants.
This neighbourhood has been a popular choice for bachelors, families and business owners for many years.
It was always known to have affordable rental prices and continues to cater to those who are looking for pocket-friendly deals.
Located near Dragon Mart, the area has plenty of restaurants and shopping centres.
Studio apartments are priced at Dh19,000, one-bedrooms start at Dh28,000, two-bedrooms at Dh40,000 and three-bedrooms are going for Dh68,000 to Dh85,000.
Al Warsan Village in International City has seen a rise in tenants over the past two years.
It has three-bedroom townhouses, with rents currently ranging from Dh80,000 to Dh90,000.
They are spacious and close to all the restaurants, clinics and hypermarkets in the area. (NewsWire)