Business Bay

dubai expat life

Dubai Rent Guide

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

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 mall open after coronavirus lock down

Salik Extortion: Business Bay residents have to pay the toll, even for grocery run

Salik on Business Bay DubaiSalik, the toll system in Dubai, was supposedly implemented to ease congestion on Sheikh Zayed Road. However, it seems that it is now being using to extort Dubai residents.

Emirates 24|7 reports that Business Bay residents are crying foul over new roadworks that have blocked all other access points in and out of the area, forcing them to use the Al Safa Salik tollgate.

Some say access point to enter the district from the toll free Al Khail Road is still open, but the exit road is blocked off, forcing them to re route their cars and head to Sheikh Zayed Road.

“Even a run to the grocery store is now forcing us to drive through the tollgates,” said Akanksha Mehta, a resident of Executive Towers in Business Bay who said the routes were blocked as early as the first week of April.

Mehta calculated that between her husband and her car, their daily average now in just Salik fees alone is Dh16 each.

“If this continues we will be forced to pay Dh350 a month in just Salik!” she said.

Another resident, who did not wished to be named but also resides in one of the Executive Towers’ blocks, said: “I don’t believe this excuse of construction work is really true. All I have seen are sandpits being shifted from one place to another, but no actual roadwork ever taking place.” The two-year-old resident of the neighbourhood blamed the Roads and Transports Authority.

The RTA reportedly collected Dh776 million in Salik fees in 2009 compared with Dh669m in 2008 and Dh214m over six months after July 2007, when the toll was introduced in Dubai. Car owners are charged Dh4 for passing through the gates.

Business Bay boasts a prime location, with average rents ranging between Dh60,000-Dh70,000 for a one-bedroom flat, Dh70,000-Dh90,000 for a two-bedroom and Dh95,000 to Dh110,000 for a three-bedroom.