Costliest And Cheapest Areas To Rent 2-bedroom Apartments

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Costliest and cheapest areas to rent 2-bedroom apartments Apr 29, 2014
Palm Jumeirah is the costliest community to rent a two-bedroom apartment in Dubai, but Discovery Gardens registered the maximum increase in the first quarter of 2014, according to a new report released by Land Sterling.

Average rents for two-bed units in Palm Jumeirah were at Dh170,000 per annum, rising 6 per cent in the first quarter compared to the final quarter of 2013, Land Sterling said in its Q1 report.

Discovery Gardens saw rents jumping 13 per cent to Dh90,000 per annum during the same period.

IMPZ and Business Bay saw rents for two-bed units rising by 12 per cent each.

Units were leased on average for Dh83,000 pa and Dh145,000 per annum, respectively.

Downtown Dubai saw a 3 per cent hike in the first quarter, compared to Q4 2013, and is at Dh165,000 per annum on average.

Dubai Silicon Oasis rose by 2 per cent with average rents being Dh87,000 pa.

In International City, on an average, a two-bed is being leased at Dh70,000 pa, with a quarter-on-quarter increase of 8 per cent.

Earlier this month, Asteco Property Management put the rental increase quarter-on-quarter for Palm Jumeirah, Discovery Gardens and Downtown Dubai at 3, 4 and 6 per cent, respectively.

With the population of Dubai expected to grow to 3.1 million in 2020 (at an assumed CAGR of 5 per cent), analysts estimate housing requirement to increase by 170,000 units in 2020, the report said.

source: http://www.emirates247.com/business/cos ... 9-1.547314

raintear
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Re: Costliest And Cheapest Areas To Rent 2-bedroom Apartment May 02, 2014
This is an interesting post about finding apartments on rent. I found it useful. Thanks for sharing.
raimasiddiqui
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Re: Costliest And Cheapest Areas To Rent 2-bedroom Apartment Jun 26, 2014
Well the rent value of 2 bedroom apartment in Dubai Dubai Marina rise by 12,919AED. That is 9.78%. While the Dubai investment park show lowest rise of 0.02%
You can fine more about rent condition of Dubai areas.
Click here: http://bit.ly/1mhlnUJ
Angila098
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Re: Costliest And Cheapest Areas To Rent 2-bedroom Apartment Jul 11, 2014
Thanks for the detailed post it will really help me a lot!! look forward for more!!

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Avida1
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undefined Aug 12, 2014
Thanks for sharing this informatory post. It helped me to get an overall idea about the rent of apartments in Dubai.

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raosmita520
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