Every tourist wants to visit Dubai as well as most families around the world. Some just want to go there to check the Arabic culture as well as the splendor of the city, while others want to live there.
Whichever category you belong to, we bring you exciting news about some areas you can live in while you are in Dubai. No matter how much you earn or the class you belong to in society, consider reading through this article for direction.
According to analysts, city prices have increased nearly as quickly as capital values this year.
The most affordable areas to rent in the emirate include International City, Deira, and Discovery Gardens, while Palm Jumeirah and Downtown have the highest rents.
The second-quarter report from Asteco states that rents in International City range from Dh17,500 for a studio to Dh65,000 for a three-bedroom home. On the other side, a studio in Deira starts at Dh18,000 per month, while a three-bedroom apartment rents for Dh95,000 per month.
A studio apartment at Discovery Gardens can be rented for between Dh24,000 and Dh65,000.
The starting rent for a studio in Dubai Sports City and Jumeirah Village, two further cheap neighborhoods, is Dh25,000.
The five most affordable areas (AED) include:
Area Studio 1BHK 2BHK
International City 17.5-25k 25-35k 35-50k
Deira 18-35k 30-52.5k 40-80k
Discovery Gardens 24-35k 32.5-45k 55-65k
Dubai Sports City 25-32.5k 32.5-45k 45-67.5k
Jumeirah Village 25-40k 32.5-60k 50-90k
The following are the five most luxurious/expensive areas (AED), according to Asteco, K Research:
Area Studio 1BHK 2BHK
Palm Jumeirah 65-80k 95-160k 120-220k
Downtown 47.5-65 70-110k 90-180k
DIFF 50-70k 60-110k 90-175k
Dubai Marina 40-60k 45-100k 70-160k
JBR 60-70k 75-100k 97.5-140k.
When compared to Dubai’s mid- and high-end districts, where demand was higher, rents in the cheap category increased more slowly.
Comparing the second quarter to the same period in the previous year, rents in the inexpensive category increased by 4% to 19%, while tenants in the mid-to-high-end sectors paid an additional 16–24% in rent.
Palm Jumeirah has the highest apartment rental rates in the high-end category, with studios starting at Dh65,000 and three-bedroom units at Dh300,000.
Around 22,000 units are anticipated to open in Dubai this year, with 6,000 of those flats arriving in the first quarter and 7,000 in the second.
The real estate consultancy reported that the increase in rental rates maintained the same speed seen over the previous year, with the average quarterly increases realized at 4% for apartments and 6% for villas.
According to the international real estate firm Knight Frank, this year in Dubai, rents have increased nearly as quickly as capital values.
(The Khaleej Times)