No matter if you’re looking for a short-term roommate in a central city apartment or a family house in the suburbs, there’s a property out there for you to choose from. Renting a new apartment isn’t as difficult or pricey as you may think. We’ve spoken with professionals from some of Dubai’s most reputable real estate organisations to get their take on the current rental market, as well as the best regions to invest in for the next year. If you want to do Property valuation Dubai, please visit our website.
The renting market in Dubai
Because of this year’s turmoil – and whether or not you’ve been seeking to move home as a consequence of the worldwide epidemic – offers are out there. According to some estimates, apartment rentals have dropped by up to 10% year over year, while rates for villas have dropped by just over 7%. Even if you’re a casual observer of the city’s rental market, you won’t need to hear these numbers again. Some 1,500 renters in Dubai were surveyed by Time Out and found that their rents have been lowered – check out page 22 for the full findings.
More and more people are moving into townhouse and villa communities, which means that rents in these places are rising, while apartments are falling, particularly in less desirable locations like non-prime locales. If you need office for rent, we can provide you office for rent in Business Bay.
Making a deal for your next step
When COVID-19 went into effect and put the rental market under lockdown, things got off to a terrific start. The rental industry came to a halt since clients were no longer able to inspect houses or relocate. In order to have a better idea of what would happen, many tenants who had given their landlords notice were obliged to extend their leases for an additional few months. Many landlords have negotiated rate reductions and new contracts sometimes include a free month’s rent as an incentive for signing new agreements. If you are looking for office for rent in Dubai, please visit our website.
Affordability at this time
Dubai Hills has witnessed a spike in popularity lately, whereas neighbourhoods like Dubailand, Dubai Sports City, JVC, and Dubai Production City have seen a decrease in rent.
Prices in Dubai are as competitive as they’ve been in years. There are a wide range of alternatives, from apartments to sprawling villas, to choose from. There are already studios available at Dubai Sports City for roughly Dhs20,000. Due to its proximity to both Dubai Marina and the Dubai Metro, one-bedroom flats in JLT typically cost between Dh35,001 and Dh40,001.
A life of extravagance
Then this is the place for you. If you’re looking for something luxurious, there are a few options. Rentals for one-bedroom apartments at Banyan Tree Residences in JLT start at Dhs85,000, so if you’re wanting to live in a luxury resort, this may be the place for you.
Residences with the Banyan Tree brand name are unique in the Middle East. Five-star resort-style living in a gated private community is available to residents. Squash courts, yoga studios, and a resort infinity pool with a poolside café are just some of the amenities available exclusively to members of the Banyan Tree Clubhouse.