These are the best value areas to rent in Dubai in 2019

That's according to the new Chestertons Dubai Market Report for the first quarter of 2019

These are the best value areas to rent in Dubai in 2019

The areas where tenants can get best value for money on rent have been revealed in new research.

Chestertons has released its Dubai Market Report for the first quarter of 2019, and it shows where rents and property prices have decreased the most.

According to the study, the biggest quarterly changes were in Dubai Motor City, Dubai Silicon Oasis, Dubai Sports City and JLT – all of which experienced a four percent decrease.

This was largely driven by an increase in supply – with thousands of new units entering the market – with the trend expected to continue throughout this year.

Several communities kept the same price levels as the previous quarter, including Dubai Marina and Business Bay.

Ivana Vucinic, head of consulting at Chestertons MENA, said: “Last year we saw over 20,000 units enter the market, resulting in softening across the sales and rental sectors for both apartments and villas.

“This is a trend we expect to continue throughout 2019 as the number of units estimated to be delivered is set to be even higher.

“As a result, we expect to see developers and landlords continue to offer a range of financial incentives and become increasingly innovative in their approach.”

In terms of villas, JVT had a five percent quarterly decrease, while Jumeirah Golf Estates, Jumeirah Islands and The Lakes remained the same.

If you're looking for more information on renting in Dubai, check out our guide by clicking here.

Be the first to get all the latest Dubai news, reviews and deals into your inbox by signing up to our free newsletter, click here to sign up.

More from News

Abu Dhabi's Battle Park has a new attraction

The country came 35th overall in the report

Kittysnip will be rehoming abandoned felines in Dubai this December

The tax will be in effect from Sunday December 1

There's an easy way to get around the island this year

The 2,000 sq m pavilion is themed ‘Connecting Minds, Creating the Future’

Newsletters

Follow us