Dubai’s most affordable, expensive residential areas revealed

October 14, 2022 at 6:05 PM

Rents in Dubai jumped 26.6 per cent from last year’s figures, with average annual rates now reaching nearly Dh90,000 for flats and over Dh260,000 for villas, according to an industry report released on Thursday.

“Rental rate growth in Dubai has reached record highs… with apartment and villa rents increasing by 26.7 per cent and 25.5 per cent, respectively, (in the 12 months to September 2022),” said Taimur Khan, head of research for Mena at CBRE in Dubai.

According to Khaleej Times, the CBRE’s latest Dubai Residential Market Snapshot reveals that the average yearly rents for apartments and villas hit Dh89,986 and Dh268,758, respectively, in September.

Here’s a list of the most affordable places to rent in (figures indicate average yearly rates for apartments):

  • International City: Dh30,703
  • Dubailand Residential Complex: Dh36,819
  • IMPZ: Dh39,786
  • Dubai Sports City: Dh42,824
  • Arjan: Dh44,880
  • Dubai Silicon Oasis: Dh48,518
  • Discovery Gardens: Dh48,569
  • Jumeirah Village Circle: Dh55,852

Here are some of the most expensive residential areas (figures indicate average yearly rents for apartments):

  • Palm Jumeirah: Dh231,397
  • Downtown Dubai: Dh189,727
  • Jumeirah: Dh162,951
  • The Old Town: Dh160,195
  • Dubai Marina: Dh155,173
  • JBR: Dh144,934
  • DIFC: Dh133,066
  • The Views: Dh132,015
  • Greens and Views: Dh115,478
  • Business Bay: Dh112,613

For villas here are some of the most affordable options (figures indicate average yearly rents):

  • Deira: Dh112,737
  • Jumeirah Village Circle: Dh141,091
  • Reem: Dh141,611
  • The Springs: Dh166,724
  • Mudon: Dh174,508
  • The Springs and The Meadows: Dh177,728
  • Damac Hills (Akoya): Dh185,711
  • Al Furjan: Dh187, 974

Here are the most expensive areas for villa rentals:

  • Al Barari: Dh946,270
  • Palm Jumeirah: Dh925,403
  • Emirates Hills: Dh879,077
  • Jumeirah Islands: Dh585,143
  • Jumeirah: Dh500,635
  • Green Community (DIP): Dh389,777
  • Jumeirah Golf Estates: Dh367,413
  • The Meadows: Dh328,143 (NewsWire)