Dubai: A Sharp Rental Value Rise of up to 24% in Top Areas
Apartments & Villas in the top 3 most popular areas of Dubai have seen a sharp rise in rental value of up to 24%, read the write-up to know more in detail.
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Dubai residential property’s rental value is on the rise, but there are a few areas like Dubai Marina, Downtown, and Business Bay where rental growth is higher. These areas are the most popular in the middle of home seekers and travelers for their luxury lifestyle and metropolitan culture.
According to the different property portals in Dubai, Palm Jumeirah, Jumeirah Village Circle and Jumeirah Lake Towers are also the top searched communities in Dubai.
In the middle of all these communities & areas, Dubai Marina remains on the top. As this area is a perfect cocktail for everything in search of which, travelers from different countries coming to Dubai. As well as, the area boasts of eye-catching skyscrapers, and a wide range of activities, attractions, and entertainment options.
Downtown is the heart of Dubai and is known for Burj Khalifa & The Dubai Mall, also the top priority of buyers & rentals thanks to accessibility through modern transportation, a network of roads, ease of living & luxury lifestyle. In the same way, Business Bay is the hub of commercial activity with residential & leisure options. You can take the metro, water taxi, cabs and buses etc. to travel anywhere in Dubai.
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The Biggest Increase In Rentals
The Dubai Downtown, Business Bay and Dubai Marina has seen a rise of 24%, 23% and 21%, respectively in the second quarter of 2022. According to real estate investment experts, it is the highest jump among all mid to high-end areas of Dubai.
Apartment Rental Trends in Top Areas of Dubai 2021 - 2022 (QoQ Basis) in AED, 000
|
Area |
Studio |
1 BHK |
2 BHK |
% Change (Q1 - Q2) 2022 |
|
40 - 60 |
45 - 100 |
105 - 230 |
5% |
|
|
Downtown |
47.5 - 65 |
70 - 100 |
155 - 300 |
7% |
|
Business Bay |
42.5 - 55 |
50 - 80 |
110 -170 |
6% |
Villas Rental Trends in Top Areas of Dubai 2021 - 2022 (QoQ Basis) in AED, 000
|
Area |
3 BHK |
4 BHK |
5 BHK |
% Change (Q1 - Q2) 2022 |
|
Dubai Sheikh Zayed Road |
-- |
47.5 - 110 |
65 - 155 |
6% |
|
Palm Jumeirah |
65 - 80 |
95 - 160 |
120 - 220 |
7% |
|
Arabian Ranches |
-- | -- |
120 - 135 |
5% |
So, the demand for Dubai properties for rent & buying is rising. Many smart investors these days are buying ready-to-move properties in top areas and earning high-rental income and expecting high ROI.
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