How has the price of renting real estate by districts of Dubai

In the first half of 2023, luxury areas continue to lead in the number of rental properties in Dubai, while in some previously popular areas there is a certain shortage of them, which affects the cost of renting apartments and villas and encourages an increasing number of residents to think about buying a home .

So the cost of renting low-cost apartments in areas with a shortage of supply increased by 17%, and elite apartments - by 32%. Average rent increased by 22.8%.

In the segment of villas in popular areas, the increase in rent was up to 50%, while for luxury villas - up to 70%. Average rent increased by 23.1%.

Below is a list of areas by change in prices for renting apartments and villas in June:

Areas where apartment rents have increased

🔸 Remraam
🔸Green Community (DIP)
🔸 DIFC
🔸Dubai Marina
🔸Arjan/Liwan/IMPZ

Areas where apartment rents have declined

🔹 Jebel Ali
🔹Palm Jumeirah
🔹 Living Legends
🔹Discovery Gardens

Areas where villa rentals have risen

The Villa
🔸 The Meadows
🔸 JVT
Emirates Hills
🔸 JVC

Areas where villa rentals have declined

🔹 Deira
🔹 Al Furjan
🔹 Victory Heights
🔹 Mudon
🔹Arabian Ranches

At the moment, potential tenants gravitate towards such accessible areas as:

✔️ Jumeirah Village Circle
✔️ Bur Dubai
✔️ Al Nahda
✔️ Deira and International City.

The reason for this is not too high rent growth - from 6 to 16%.

In the elite real estate segment, the areas most popular with tenants are:

✔️ Business Bay
✔️ Downtown
✔️ Dubai Hills Estate
✔️ Palm Jumeirah

In the villa segment in 2023, tenants are dominated by:

✔️ Damac Hills 2
✔️ Al Barsha
✔️ Arabian Ranches 3
✔️ Mirdif
✔️ Dubai South
✔️ Jumeirah Village Circle
✔️ Dubailand