5 Cheapest Areas To Rent Apartments In Dubai
Residential rates in Dubai have been on a steady decline the past couple years, but many expats still have a hard time finding a place within their budget. If you’re trying to find a high-rise apartment in the Downtown area or hoping to get an affordable place in Palm Jumeirah, you’re definitely out of luck.
But, according to the RERA (Real Estate Regulatory Authority) rent index, which is updated annually, many key areas have seen a decrease in rental rates for 2017. With just a little digging, you can find the most affordable options for you.
Below are the 5 cheapest areas to rent one-bedroom apartments in Dubai.
- International City – AED 45,000 to AED 60,000
- Deira – AED 45,000 to AED 80,000
- Jumeirah Village – AED 60,000 to AED 75,000
- Discovery Gardens – AED 65,000 to AED 75,000
- Jumeirah Lake Towers – AED 80,000 to AED 100,000
In some parts of International City and Deira’s surrounding areas, you might even find a few apartments under AED 40,000.
In the end though, it’s advisable to always negotiate for a lower rate. Some landlords might try to hike the rent depending on the area. Existing tenants need to be especially wary; landlords tend to raise the rent during contract renewal because they know tenants would rather pay more than deal with the hassle of moving.
While rents are falling overall and are expected to continue on that trend for the rest of the year, don’t go in expecting to get the lowest rate right away. Finding the cheapest areas to rent apartments in Dubai is as much about negotiation as it is research.