If you’re concerned about rising rents in Dubai, then we have good news for you. According to the latest official rent index for the emirate, the majority of areas are seeing either declining or stable rent rates.
Indeed, certain areas are looking much cheaper for 2017. Dubai Marina has declined by 14% for this year – rents for two-bedroom apartments in the area will go for AED 120,000 to AED 160,000 per year, compared to AED 140,000 to AED 180,000 last year.
The Palm Jumeirah and Green Community also saw declines on the rental index. The former sees two-bed apartment rents go down by 11.76% to AED 150,000 to AED 220,000 per year, while the latter sees an 8.33% decline that will result in prices ranging from AED 110,000 to AED 140,000 per year.
Rents will remain stable at Business Bay, International City and Discovery Gardens, according to the 2017 rental index. That means rents of AED 110,000 to 140,000 in Business Bay, and rents of AED 45,000 to AED 60,000 per year in International City. Discovery Garden rents will stay in the AED 70,000 to AED 80,000 price bracket for a two-bedroom apartment.
Meanwhile, rents will shoot up in Arjan, a community in Dubailand. For 2017, residents there are looking at a 25% to 30% increase, with prices reaching AED 65,000 to AED 80,000 per year for a two-bedroom apartment.
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