Properties for rent in Downtown Jebel Ali

With a 3.8% decline in terms of prices, Dubai's real estate market is moving toward the downward trajectory. Owing to that, Dubai has been ranked 39th in the Global Residential Index by a famous consultancy firm, Knight Frank. As a result, people are slowly stepping on this property bandwagon and are buying or renting properties in Dubai. Millennials are no exception to this process; they are also foraying into the property market and renting property units instead of buying them. The real estate of Downtown Jebel Ali is a prime example of this dynamic orientation that the property market is heading towards. Nestled amid Techno Park and Jebel Ali Freezone, Downtown Jebel Ali spans across an area of 6.5 million sq. m. Comprising three distinct districts, including the Urban Centre (a hallmark of business and entertainment), Medina (Arabian streets and courtyards) and the Trellis District (mid-rise buildings, plazas, parks, and sidewalks), Jebel Ali is the brainchild of Limitless.

Types of Properties in Downtown Jebel Ali

The beautiful enclave of Downtown Jebel Ali is home to a variety of properties that rival one another in their splendour. Emulating the vibrancy of Dubai, Jebel Ali contains over 25 properties with sizes ranging between 688 sq. ft. and 16,039 sq. ft. With over 24 apartments in Suburbia and more than 12 shops and offices in The Galleries, Downtown Jebel Ali offers great renting opportunities.

Rent Price Trends for Properties in Downtown Jebel Ali

Based on the fact that Downtown Jebel Ali offers units with broadband internet connections, intercoms, a terrace, a swimming pool and a welcome lobby, renting a unit in Jebel Ali seems to be a good option. The rents are reasonable as compared to the other pricy communities of Dubai. For instance, the rent of apartments in Downtown Jebel Ali starts from AED 43,000 and goes up to AED 85,000 per annum. Similarly, the rent of offices in Downtown Jebel Ali ranges between AED 58,695 and AED 1,539,742 per year. In case you want a place to showcase your products to customers, you consider renting a shop in Downtown Jebel Ali. The rental price commences from AED 122,133 and goes up to AED 303,105 per year.

Popular Areas of Downtown Jebel Ali

The Signet is one of the most popular areas of Downtown Jebel Ali which is known for redefining the concept of office space. It is a AED 465M residential building in Dubai that has acquired Jebel Ali Free Zone Authority License, a license required to set up commercial spaces. With over 17 floors and 273 units, The Signet is a master-development project of Mimar Emirates. Consisting of 91 1-bedroom apartments, 14 2-bedroom flats and 7 to 18 home offices, The Signet exhibits the highest housing standards of Dubai. Located near Jebel Ali, the Dubai Mall is the second-largest mall in the world which contains various residential hotels, such as Armani, Manzil Downtown and Palace Downtown. Comprising 1,200 shops, the mall contains over 200 covetable luxury brands, Dubai Aquarium & Underwater Zoo that has over 33,000 animals, 250-room luxury hotel, a 22-screen cinema, 120 cafes and restaurants and parking space for 14,000 vehicles. Covering an area of 502,000 sq. m, Dubai Mall contains 4 floors. Apart from that, it contains a VR park - the SEGA Republic, a 76,000 sq.ft indoor park that features skill games, motion simulators, redemption games, and 15 rides.

Reasons for Renting in Downtown Jebel Ali

Downtown Jebel Ali is still in the development process with Zone 2 being completed while Zone 3 is 70% developed and Zone 4 is 90% complete. It has seen major progress during the last few months and reached many milestones, such as the hand over of the first substation to Dubai Electricity and Water Authority (DEWA). These features confirm Downtown Jebel Ali’s status as a great place to live in Abu Dhabi. Not only does it contain eateries, malls, hospitals and schools but also the Dubai Metro Station that helps residents dwelling in the community to move in and out of the area with ease.