Properties for rent in Old Town

What is the asking rent for a property in Old Town?

You can find rental properties listed for an average of AED 162,825 per year. Property type, size, features and location can impact the rental price. 

How many properties for rent are there in Old Town?

As of now, the number of advertised residential properties available is 171 on Bayut.

Which locations should I consider when renting properties in Old Town?

When finding a residential property in Old Town, the following popular locations are worth considering:

• Yansoon
• Reehan
• Miska

What is the range of asking rents for Old Town's properties?

You can find rental properties in Old Town for a price between AED 80,000 and AED 400,000 per annum.

How much did the rental prices change for properties in Old Town? 

Recent trends depict a change of -8% over the past 6 months in the asking annual rent for residential properties. New developments and changing market dynamics can impact the prices of properties. 

Which reputable schools are near Old Town?

If you are looking for top-rated schools near Old Town, consider the following:

• GEMS Wellington Primary School
• JSS Private School
• GEMS Our Own Indian School

Which childcare nurseries are situated near Old Town?

Consider the following when looking for nurseries located in the vicinity of Old Town:

• Blossom Nursery Downtown Dubai
• Toddler Town Downtown Dubai
• Blossom Nursery Business Bay

Which neighbouring areas can be explored for renting properties?

These areas close to Old Town are highly preferred by renters:

• Business Bay
• Za'abeel
• Sheikh Zayed Road

What are the asking rents of properties in locations near Old Town?

The average asking rents of properties listed in locations near Old Town are:

• Business Bay: AED 126,389
• Za'abeel: AED 254,253
• Sheikh Zayed Road: AED 143,871

What is the volume of transactions for properties in Old Town?

During the past year, the transaction volume of new contracts registered for rental properties in Old Town was 377.

What is the average annual rent for Old Town properties?

The average rental price for residential properties is AED 150,602 according to DLD’s transactional data from the past 12 months. The rental price of a property depends on various factors such as size, location, amenities, etc.

Did average rent increase or decrease for properties in Old Town?

The average rent changed by -12% over the last 6 months as per the transactional data from DLD. Change in property prices can be due to the prevailing market conditions.

How do transaction prices of properties rented in areas close to Old Town vary?

Below are areas close to Old Town along with average prices of properties rented as per DLD's tranactional data:

• Business Bay: AED 110,008
• Za'abeel: AED 225,668
• Sheikh Zayed Road: AED 122,202