Properties for rent in Dubai

Dubai has one of the highest standards of living in the middle-east. Residents here enjoy a tax-free income and relatively crime-free environment, and when combined with world-class schools and universities, hospitals, malls, theme parks and entertainment districts, anyone would be motivated to move or invest in this emirate. However, living in Dubai means living a fast-paced lifestyle. This is an emirate that is constantly evolving but always for the better. Thus, for people looking to work or set up business here, it can be a little overwhelming in the beginning. One of the major struggles is finding the right type of accommodation or commercial space for your business to grow. It’s no surprise that most people perceive Dubai as one giant construction site. In fact, there are no solid plans for when the construction projects will stop, although this is a good thing because this means Dubai is on the up-and-up. Likewise, new properties in Dubai such as commercial and residential buildings are being completed regularly, offering better choices in terms of leasing office space or renting an apartment in an ideal location.

Types of Properties in Dubai

The most popular rental apartment in Dubai comes in the form of 3-bed flats with 3 baths and around 1,500 sq. ft. of floor space. Amenities include a fully-furnished residential unit with facilities that include a sauna, steam room, swimming pool, first-aid medical centre, gym and Jacuzzi. In the villas category, the most in-demand villas come with a floor plan that includes 3-bedrooms, 3 baths, and a total residential floor space of 2,000 sq. ft. In the townhouse category, the most popular choice is a townhouse that has a floor plan spreading across approx. 2,400 sq. ft., offering 4 bedrooms with 5 baths. For those looking to rent a penthouse, the most in-demand penthouse has a floor plan that includes 4 bedrooms, 5 baths and around 7,000 sq. ft. of overall residential space. For those looking to set up their own office space in Dubai, they’ll find that the most popular version will come with 213 sq. ft. of overall working space, situated in Business Bay. For those looking to rent a retail shop in Dubai, they’ll come to know that the most popular type will come with 1,100 sq. ft. of showroom space located in Bayswater Tower in Business Bay.

Popular Areas in Dubai

Ranking in at number 5 is Downtown Dubai in Al Barsha, sandwiched between old and new Dubai. One reason why it’s popular with residents is its location as it is conveniently located close to major business and commercial districts in Dubai. Al Barsha is well connected with Emirates Road and Sheikh Zayed Road – two of the most popular freeways in Dubai. Its proximity to free zone areas such as Media City and Internet City make it an ideal place to live for those working in these free zones. Coming in at fourth place is the community of Silicon Oasis. This community is known for its proximity to Dubai International Airport, which is just 20 minutes away. Silicon Oasis is a free zone technology city developed to attract technology companies so that they may set up their businesses here. Along with having a commercial district, Silicon Oasis also has residential districts that include gated communities. It also has some of the lowest rental rates in Dubai, making it an appealing choice for many residents. Ranking third, there is the community of Jumeirah Lake Tower (JLT). Its reason for being a popular place to rent is its ultra-modern buildings – and there are 80 of these buildings. Apart from that, it is surrounded by a man-made lake and it houses some of the most upscale restaurants, bars and clubs in Dubai. Ranking in at second place is the humble community of Mirdif. It is popular for one reason only – affordability. Ranking at the first spot is Dubai Marina. It has some of the most stunning residential buildings in Dubai and the area is also a popular tourist spot. The community has a reputation for being the most picturesque residential block in Dubai.

Lifestyle in Dubai

Apart from having one of the most marvellous architectural examples, such as Burj Khalifa, there are several man-man islands such as Palm Jumeirah and the World Islands that are worth visiting. For the adventure loving resident, a simple visit to the mall or the theme park wouldn’t suffice. Nonetheless, even for the most adventurous Dubai resident, there are some thrilling activities to try out. For instance, they could visit Hatta where they could visit a historical mountain village. For those unfamiliar with Hatta, it is perhaps Dubai’s best-kept secret. Residents can enjoy various activities here such as kayaking, mountain hiking, mountain biking, bungee jumping and various other thrilling activities.

Rent Price Trends for Properties in Dubai

The average price for the most popular 1-bed apartment will be around AED 60k per annum. With 2-beds units, one can expect the yearly rental rate to hover around AED 90k. 3-bed apartment units will demand an average yearly rent of AED 90k. And finally, 4-beds being the largest types of apartments will typically rent for an average yearly lease price of AED 180k. For those who prefer to live in rental villas in Dubai and would like to find out the average rental prices, a 2-bed villa in Dubai will typically demand a rental rate of AED 95k per annum. 3-bed villas will typically rent for AED 170k while 4-beds on average rent for AED 200k per annum. The most popular 5-beds and 6-bed villas will demand an average annual rent of AED 850k and AED 725k, respectively. Moving along, in terms of commercial property, the average 180 sq. ft. office will rent out at AED 7k per annum as this version is most popular in Dubai. In respects to the most popular retail-shop, a 1,100 sq. ft. shop seems to be the most preferred option and it typically rents for AED 175k per annum.