Everything You Need To Know About Renting In Dubai

Posted On Tuesday, 20 February 2024 11:20

There’s no better place quite as luxurious as Dubai. It’s become a sought-after place for many people looking to create a better life regarding career prospects and a richer lifestyle.

Anyone looking to head over to Dubai in the coming months or years wants to understand the rental market in this part of the world.        

The Rental Market in the United Arab Emirates

What does the rental market look like for those living in the United Arab Emirates currently? The rental cost differs from emirate to emirates. Dubai is one of those locations that boasts much higher costs than most, especially as it’s become a tourist hotspot in recent years.

Not only that, but we’re seeing an increase in ex-pats over to this part of the world, as well as entertainment that no doubt encourages more people to visit this incredibly beautiful place.

Currently, around 70% of the population is renting, which is an incredible number that might cause a little competition between renters. However, plenty of rentals are available within the emirate.

The popular spots to look at when it comes to renting in Dubai include Downtown Dubai, Bur Dubai, Dubai Marina, Khalifa City, and Abu Dhabi.

What to Expect When Renting in Dubai

The process of renting in Dubai is simple and straightforward. It’s also very watertight, meaning you’ll be able to ensure everything you need as a tenant is found in the tenant contract. Therefore, it’s good to discuss all of your concerns and requirements within this contract with the landlord before it is drawn up.

The average rent in Dubai for a one-bed apartment will set you back around AED 5366. That’s around $1,460 per month. This is in the heart of the city center, so you might find there are more options just on the outskirts.

Rental is governed by the RERA (Real Estate Regulatory Authority) and therefore is fairly transparent regarding the rent index. It’s therefore useful to know the index for both rentals and sales in Dubai, should you rent or want to rent your property.

The Types of Properties Available for Rental

Before you sign any contracts, it’s worth understanding what properties are available for rental and, therefore, which are best suited for you and your household.

From standard apartments and serviced apartments to standalone villas and townhouses, you have a great selection worth exploring. You’ll also be able to choose between a mix of furnished and unfurnished homes, which may be important to some renters.

Learn More About Rental Properties With Prestige Properties Dubai

If you’re looking to explore the rental market in the coming months, contact us at Prestige Properties Dubai. We’ll be able to find the best accommodation for your needs and introduce you to the beauty that is Dubai in 2024.

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