Going by a sample of transactions in the first quarter of this year, Downtown on average costs Dhs10-12 per sq ft, and ranks no.1 on the propertyfinder list of pricey pads.
The website has created an affordability map which indicates by colour scheme how much space you can get for your dirham.
Just outside of the red zone for Dubai’s popular areas are Business Bay, Emirates Living (The Greens and The Views), plus JLT. Displaying a deep orange on their diagram, they are ranked in the spot due to the cost of renting being around Dhs9-10 per sq ft.
Perhaps surprisingly Marina, DIFC and Diera are the next three – out of 16 areas – to follow with a price of Dhs8-9 per sq ft. Marina is home to many great restaurants and nightlife spots while the business focused DIFC also hosts plenty of posh events. With Deira being further out than them, it might have been considered somewhere more affordable than what’s to follow.
The Palm and Tecom took eight and ninth places, propertyfinder states that the average cost between January and April 2015was Dhs7-8.
Dubai Sports City, Discovery Gardens and Dubai Land was evaluated at Dhs6-7 per sq ft, while Motor City Jumeirah Village and International City was Dhs5-6 per sq ft.
Lastly Al Barsha ranked below Dhs5 per sq ft to rent a house or apartment. The zone is popular among residents and visitors to Dubai thanks to the Mall of the Emirates house plenty of shops, restaurants and tourist attractions. The Dubai Metro takes shoppers directly to the retail haven so we can see why people would choose it for a home. Now it has been deemed a bit of a bargain, perhaps the area will become even more popular, so you if you’re thinking of moving, view the map and snap up a deal quickly!