Are you planning to rent a property in Dubai? Whether it is a villa, flat or bed space – rent negotiation is a skill every expat must acquire.
Although there is too much supply and low demand but rents in Dubai fluctuate very frequently. Some say falling rents in Dubai is a myth.
Gulf News reports rents in Dubai have surged by more than 10% this year.
Dubai Rent Guide:
Business Bay
Rent in March 2011 – Dh87.6 per square foot yearly
Current rent – Dh92.4 per square foot
Current average three-bedroom apartment rental – Dh115,000 to Dh130,000
The Greens
Rent in March 2011 – Dh73.92 per square foot yearly
Current rent – Dh78.6 per square foot.
Current average three-bedroom apartment rental – Dh120,000. to Dh150,000
The Palm Jumeirah apartments
Rent in March 2011 – Dh76.44 per square foot yearly
Current rent – Dh81.84 per square foot
Current average three-bedroom Shoreline apartment – Dh160,000 and Dh170,000 for a street view / Dh200,000 and Dh220,000 for a sea view.
International City
Rent in March 2011- Dh66.96 per square foot yearly
Current rent -Dh72 per square foot
Current average two-bedroom apartment rental – Dh40,000 to Dh50,000
Jumeirah Lakes Tower (JLT)
Rent in March 2011- Dh60.36 per square foot yearly
Current rent – Dh64.92 per square foot
Current average three-bedroom apartment rentals – Dh110,000 to Dh130,000
Arabian Ranches
Rent in March 2011- Dh56.52 per square foot yearly
Current rent – Dh61.2 per square foot
Current average four-bedroom villa rentals – Dh220,000 to Dh250,000
Dubai Marina apartments
Rent in March 2011 2011 – Dh74.76 per square foot per year
Current rent – Dh81.84 per square foot
Current average rentals for a four-bedroom apartment – Dh140,000 to Dh200,000.
The Springs, The Meadows and The Lakes
Rent in March 2011 2011 – Dh53.76 per square foot yearly
Current rent – Dh59.16 per square foot
Current average three-bedroom townhouse rentals in The Lakes – Dh180,000.
Current average four-bedroom villa rental in The Meadows – Dh250,000
Jumeirah Beach Residence (JBR)
Rent in March 2011 — Dh73.92 per square foot yearly
Current rent — Dh82.2 per square foot
Current average rentals for a four-bedroom apartment – Dh180,000 to Dh220,000
Discovery Gardens (DG)
Rent in March 2011 – Dh49.68 per square foot a year.
Current rent – Dh49.8 per square foot.
Current average : two-bedroom rentals – Dh55,000 to Dh70,000 a year
Palm Jumeirah villas
Rent in March 2011 – Dh73.92 per square foot yearly
Current rent – Dh77.28 per square foot
Current average four-bedroom villa rental – Dh350,000
Downtown Dubai
Rent in March 2011 – Dh92.88 per square foot yearly
Current rent – Dh97.44 per square foot
Current average four-bedroom apartment rental – Dh200,000 to Dh240,000
Dubai is a hub of forex trading. The investors in Dubai have turned to forex trading after the fall of real estate market in Dubai. Since then, forex brokers and trading companies have grown in Dubai, attracting local and foreign investors alike.