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7 cheapest places to rent in Dubai today

7 cheapest places to rent in Dubai today

Dubai: House-hunting is no walk in the park, especially if the budget is tight and you do it in the middle of the summer.

Not only will you have to endure hopping from one place to another, with outside temperatures soaring close to 50 degrees Celsius, but you’ll have to make sure you’re not exceeding your budget – and this requires a lot of negotiation and price-comparison checks.

To make it a little bit easier for you, we’ve reviewed the latest rental data and drawn up a list of top seven most affordable communities for tenants. Using data supplied by property consultants Asteco, we’ve ranked the neighbourhoods in Dubai based on average rents of one-bedroom apartments.

So, whether you’ve gotten tired of your old apartment or recently joined the expat community in Dubai, it may be worth looking at this list of seven most budget-friendly areas to rent a one-bedroom apartment. The numbers are as of June 2017, and percentages of increase/decrease are for the period between June 2016 and June 2017.

 


1. International City

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Minimum rent: Dh35,000
Maximum rent: Dh55,000
How much rents have fallen in one year: -9 per cent


2. Deira

15 best: Deira creek

Minimum rent: Dh35,000
Maxium rent: Dh75,000
How much rents have fallen in one year: -11 per cent


3. Jumeirah Village

Jumeirah Village Circle area in Dubai.

Minimum rent: Dh50,000
Maxium rent: Dh70,000
How much rents have fallen in one year: -8 per cent


4. Dubai Sports City

Dubai Sports City

Minimum rent: Dh50,000
Maxium rent: Dh75,000
How much rents have fallen in one year:  -6 per cent


5. Bur Dubai 

XNE RESIDENTIAL33

Minimum rent: Dh50,000
Maximum rent: Dh 80,000
How much rents have fallen in one year: -11 per cent


6. Discovery Gardens

Discovery Gardens

Minimum rent: Dh55,000
Maximum rent: Dh75,000
How much rents have fallen in one year: -2 per cent

 


7. Al Barsha

An aerial view of Al Barsha

Minimum rent: Dh55,000
Maxium rent: Dh80,000
How much rents have fallen in one year: -7 per cent

 

Where rents have fallen most:


1. Business Bay

Business Bay, Dubai

Average decline: -14 per cent


2. Downtown Dubai

XNE_150122 burjkhalifa7 (27700648)

Average decline: -12 per cent


3. Bur Dubai and Deira

Rain in Bur Dubai

Average decline: -11 per cent


4. Greens, International City, Dubai Marina

The Greens

Average decline: -9 per cent


5. Jumeirah Beach Residence, Palm Jumeirah, Jumeirah Village

JUMEIRAH BEACH RESIDENCE

Average decline: -8 per cent


 

Credits: Gulf News

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