Dubai is well-known for its tall skyscrapers, luxurious homes, and expensive real estate, but it also has more reasonably priced and more accessible neighborhoods for residents.
These are a few of Dubai’s most reasonably priced neighborhoods for house rentals.
In addition to a large number of apartments, Jumeirah Village Circle (JVC) is home to over 2,000 villas and townhouses. The community, which was developed by Nakheel, is divided into multiple districts, with districts 10-19 and 1-9 at Jumeirah Village Triangle (JVT), the sister development.
In H1 2023, JVC saw a 17.31% increase in rent, making it the most affordable apartment complex with an average yearly rent of AED 61,000, according to an Allsopp & Allsopp report.
Over 22,000 homes can be found in the ten themed clusters of International City, a Nakheel development, which include England, the Emirates, Russia, Italy, Spain, France, Persia, Greece, Morocco, and China.
Each cluster’s buildings are made to resemble the national architectural style of the corresponding nation.
This area has been the most searched area for affordable monthly rentals of apartments, with an average rent of AED 2,800.
There are a lot of residential developments in Dubai South, including townhouses, villas, and apartments.
The residential district offers several amenities to its residents, including a hypermarket, retail stores, a sports council, public parks, and a school following the British Curriculum.
The area also has a public bus route, a gas station, and a mosque.
As per Bayut, the average rental price of apartments in Dubai South is AED 47,000 for one-bedroom units and AED 35,000 for studios.
Property Finder states that prices in Dubai South begin at AED 35,000.
Al Warsan is a mixed-use neighborhood with four numbered districts that is close to International City.
There are freehold sections of the region with a mix of commercial and residential buildings.
Property Finder states that prices in Al Warsan begin at AED 33,000.
Dubai Production City was established in 2003 and provides retail, residential, and business infrastructure. Previously referred to as The International Media Production Zone or IMPZ, the neighborhood offers several housing options.
Rents at IMPZ range from AED 36,000 to AED 65,000, according to Bayut.
Samana Developers, based in Dubai, has revealed the details of their most recent residential project, “Samana Portofino,” in Dubai Production City. The project is estimated to be worth AED 250 million ($68 million approximatively), building on the forthcoming residential developments in the area.
This eco-friendly, golf-community neighborhood in Dubai was developed by Damac. The development, formerly known as Akoya, features townhouses, villas, and apartments.
Each town, which is separated into Down Town, Equestrian Town, Motor Town, Sports Town, and Water Town, offers a different set of amenities to its citizens.
Swimming pools, tennis courts, basketball courts, cycling tracks, jogging paths, and more are available as amenities.
For residents who are interested in gardening, the community also has green areas.
In this neighborhood, a one-bedroom apartment can be rented for AED 45,000 to a three-bedroom apartment for AED 70,000, according to Property Finder.
Al Satwa has several retail establishments next to low-rise structures and villas. Because of its convenient location between Jumeirah and Sheikh Zayed Road, residents can easily access a variety of places.
Property Finder indicates that the following are the rents in the area:
Al Muhaisnah is a neighborhood in northeastern Dubai that is close to the border between Sharjah and Dubai.
The neighborhood has multiple schools, easily accessible metro stations, and a mix of villas and apartments.
There are four sub-communities within Al Muhaisnah: Muhaisnah 1, Muhaisnah 2, Muhaisnah 3, and Muhaisnah 4.
Studios and three-bedroom apartments are available, with prices ranging from AED 25,000 to AED 66,000.
Bur Dubai, one of the city of Dubai’s oldest neighborhoods, offers a mix of residential and commercial options. There are consulates nearby as well.
The area has a wide range of offerings, from reasonably priced apartments to villas. The type of property can also affect rent, which can range from about AED 30,000 to AED 100,000.
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Industry leaders predict that even in 2024, supply will fall short of demand because of the large influx of foreigners and residents who are becoming buyers due to rising rental costs.
Real estate sales transactions are said to be the highest for 12 years, nearly 70% higher month-on-month over 2021