Rent in Dubai 2020: best value areas to rent an apartment or villa in Dubai

Where to get more for your money

Jumeirah Lakes Towes
Jumeirah Lakes Towes

Throughout the first quarter of 2020, Dubai’s real estate sector has already seen new trends emerge in neighbourhoods throughout the city. Now, a new report showcases a decline in rent.

The new study from Cavendish Maxwell reveals the annual rent for apartments has seen an overall decrease of 14 percent over a 12-month period, while villas and townhouses have decreased by ten percent.

For the best value neighbourhoods in Dubai, we've rounded up 13, including each of their price ranges, right here.

Read on for which areas are becoming more affordable to rent apartments and villas in Dubai.

For apartments throughout Dubai, from studios to two-bedroom residences, the top three neighbourhoods included Dubai South (Dubai World Central) at -28 percent with prices ranging from Dhs24,000 to Dhs49,000, Dubai Sports City at -21 percent from Dhs33,000 to Dhs57,000, and Dubai Culture Village at -18 percent from Dhs58,000 to Dhs122,000.

Other notable decreases in apartment rent included Barsha Heights (from Dhs38,000) and Jumeirah Village Circle at -15 percent (Dhs121,000), JLT at -14 percent from Dhs38,000, Dubai Marina (from Dhs53,000), Business Bay (from Dhs45,000) and Dubai Silicon Oasis (from Dhs26,000) at -13 percent, and Downtown Dubai at -12 percent from Dhs51,000.

There was also a decrease of 11 percent in DIFC, a ten percent fall in City Walk, while the Palm Jumeirah saw a decrease in eight percent.

As for villas, which included three- to five-bedroom properties, Damac Hills saw a decrease of 17 percent, with prices ranging from Dhs114,000 to Dhs182,000, Dubai Silicon Oasis at -14 percent from Dhs137,000 to Dhs152,000, and Arabian Ranches 2 also at -14 percent from Dhs135,000 to Dhs195,000.

Other notable decreases included Dubai Sports City with a decrease of nine percent with prices from Dhs115,000, The Villa in Dubai Land also at 9 percent from Dhs93,000, plus Mudon with a fall of ten percent from Dhs109,000.

The report also revealed the most used methods of annual payment in cheques in 2020, with payments of one cheque at 36.4 percent and four cheques at 31.5 percent being the leading forms of payment.

Payments of two cheques come in at 19.9 percent, while three cheques are at 5.9 percent. Those paying in six cheques makeup for 4.2 percent, while payment per month comes in at 1.6 percent.

As for the new trends in light of the ease of the National Sterilisation Programme restrictions over Ramadan, there has been an increase in searches of villas with pools and gardens. Find out more here.

For more information about the change in property prices in neighbourhoods throughout Dubai, check out Cavendish Maxwell’s official report right here.

Whether you’re looking to move to Dubai or need to touch up on useful info, we’ve got you covered right here.

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