Top 5 sought after Dubai residential areas of 2015
Affordability was an important factor for renters across Dubai, but location and high demand made Dubai Marina the most favorite locality for renting apartments in 2015, Bayut.com, a UAE-based property portal, said in a report emailed to Emirates 24|7.
Average annual rents of studio apartments stood at Dh76,000 in 2015. One-, two- and three-bedroom apartments averaged annual rents of Dh107,000, Dh157,000 and Dh225,000, respectively.
The second most popular locality was Jumeirah Lakes Towers, with average annual rents of studio units at Dh63,000, one bedroom at Dh92,000, two bedroom at Dh133,000 and three bedroom at Dh185,000.
Bur Dubai took the third place, overtaking Downtown Dubai. Average rents of studio, one- two- and three-bedroom apartments stood at Dh58,000 per annum (pa), Dh80,000 pa, Dh120,000 pa and Dh159,000 pa, respectively.
Downtown Dubai dropped two places from 2014 to come in fourth. Average annual rents of studios were Dh89,000. One-, two- and three-bedroom apartments averaged annual rents of Dh129,000, Dh203,000 and Dh292,000, respectively.
Economical housing aided Dubai Silicon Oasis to land a place in the top five communities. Rentals for studio units averaged Dh49,000 per year. Average rents for one-, two- and three-bedrooms stood at Dh66,000 pa, Dh92,000 pa and Dh138,000 pa, the report disclosed.
Earlier this month, MoveSouq.com, a home services marketplace and propertyfinder.ae, a property portal, reported Jumeirah Park/Jumeirah Islands to be cheapest area to rent one-bed units in the emirate.
credit to Emirates 24/7