Dubai Marina tops the best areas to rent luxury apartments
"Jumeirah Village Circle" .. the most in demand for rent in Dubai
A recent report by the "Dubizzle" real estate website on renting real estate in Dubai for the third quarter of 2021, specifically for residential units with rental value in the middle categories, revealed that "Jumeirah Village Circle" topped the list of the most sought-after areas for renting apartments at reasonable prices in Dubai, with an average of The rental value for the “studio” category is 28 thousand dirhams, for the bedroom and lounge category is 43 thousand dirhams, and for the two-bedroom category is 62 thousand dirhams.
The report pointed out that prices in “Jumeirah Village Circle” during the third quarter increased by 1.44%, 1.29% and 4.76% for the three categories, respectively, compared to the second quarter of this year.
Al Nahda area
In turn, the "Al Nahda" area came in second place, with an average rental value for the "studio" category of 23 thousand dirhams, a bedroom and a hall of 31 thousand dirhams, and for two bedrooms 43 thousand dirhams.
Rental values in the “studio” and “room and hall” categories increased by 9.25% and 3.35%, respectively, while they stabilized in the third category, “two rooms and a hall,” compared to the second quarter.
Bur Dubai area
The Bur Dubai area, which is always very popular, came in third place, with the average rental value of the "studio" recording about 31 thousand dirhams, and for the "room and hall" category 45 thousand dirhams, and in the category of "two rooms and a hall" 66 thousand dirhams.
The report pointed to an increase in rental values in the "studio" category by 5.25%, and their stability in the other two categories.
Dubai Silicon and Deira
In the Dubai Silicon Oasis area, the average rental value of the "studio" category increased by 1.97% to reach about 24 thousand dirhams annually.
The average rental value for the “room and lounge” category settled at 33,000 dirhams annually.
The average rental value of a “studio” in the “Deira” area also stabilized at 24,000 dirhams annually, with a decrease in the “room and hall” category by 3.90%, bringing the average rental value to 38 thousand dirhams annually.
luxury apartments
As for the best areas for renting luxury apartments in Dubai, the “Dubai Marina” area topped the list, as the average rental value for the “room and lounge” category in “Dubai Marina” increased by 9.76% to reach AED 67,000 annually, and for the “two rooms and hall” category to 103 thousand. dirhams annually, an increase of 6.08%.
Downtown Dubai ranked second as one of the best areas for renting luxury apartments in Dubai, as the average rental value for the “room and lounge” category increased by 10.33% to reach Dh89 thousand annually, and for the “two rooms and hall” category, Dh147,000 annually, with an increase 16.99%.
The report pointed out that the Jumeirah Beach Residence (JBR) area provides a luxury group of properties, all of which have witnessed an increase in the average rental value compared to the second quarter of 2021.
The average rental value of a “room and hall” is estimated at 90,000 dirhams annually, an increase of 12.23%, and for “two rooms and a hall” is 137 thousand dirhams.
The average rental value of a three-bedroom apartment and a hall increased to 151,000 dirhams annually, an increase of 13.30%.
In turn, "Palm Jumeirah" recorded an increase in the average rental value of 155,000 dirhams annually for the "two-bedroom" category, an increase of 5.45% over the second quarter of 2021, while the "City Walk" area recorded a decrease in the average rental value for the same category. To reach 132 thousand dirhams, a decrease of 9.76%.
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