A recent report by the “Property Finder” real estate website monitored a list of areas characterized by renting residential apartments at reasonable and low prices in Dubai, topped by the “Deira” area. The report stated that Dubai is a major attraction for investors, tourists, entrepreneurs, and families. Which prompts many people to search for affordable housing. The list includes the areas: “Deira”, “International City”, “Satwa”, “Al Qusais”, “Remraam”, “Dubai South”, and “Dubai Production City”.
Deira area
The report showed that the Deira area, which is the oldest commercial district in Dubai, is one of the areas most in demand for housing and stability. It includes thriving neighborhoods and residential complexes, such as: “Port Saeed”, “Nayef”, and “Raqqa Al-Bateen”.
Rental values in “Deira Dubai” start from 28 thousand dirhams annually for a residential apartment in the “studio” category, from 46 thousand dirhams annually for a residential apartment in the category of one bedroom and a living room, and from 65 thousand dirhams for a residential apartment in the category of two rooms and a hall.
The average rental value for a three-bedroom apartment is about 95 thousand dirhams annually.
“International City”
In turn, International City came in second place with an average rental value of 23.45 thousand dirhams annually for the “studio” category, and an average of 33 thousand dirhams annually for a one-bedroom apartment and a hall, while the average rental value for a two-bedroom apartment and a living room is 48 thousand dirhams, and for an apartment Three bedrooms and a living room, about 100 thousand dirhams annually.
Satwa area
The “Satwa” area came in third place, with an average rental value for a “studio” residential apartment of about 50 thousand dirhams annually, for an apartment with one bedroom and a living room, 70 thousand dirhams, and for an apartment with two bedrooms and a hall, 90 thousand dirhams, while the rental value for an apartment starts. It consists of three bedrooms and a hall for 149 thousand dirhams annually. Al Qusais region, for its part, ranked fourth. It is an area characterized by its low- and medium-rise buildings, as well as a number of residential complexes. It is also divided into a “residential” area and an “industrial” area. The average rental value for a “studio” apartment is about 29 thousand dirhams annually, and for an apartment with one bedroom and a hall, it is 39 thousand dirhams, while the average rental value for an apartment with two bedrooms and a hall is 48 thousand dirhams, and for an apartment with three rooms and a hall, it is 60 thousand dirhams.
“Al Remraam” area
According to the report, the “Remraam” area ranked fifth; It is an area divided into two regions: It includes several residential towers. The average rental value in Al Remraam is about 34 thousand dirhams for studio units, 47 thousand dirhams for an apartment consisting of one bedroom and a hall, 76.5 thousand dirhams for an apartment with two bedrooms and a hall, and about 115 thousand dirhams for an apartment with three bedrooms and a hall.
Dubai Production City
Dubai Production City is characterized by the diversity of its real estate units and luxury apartments with full facilities. The average rental value for a “studio” unit is 33 thousand dirhams annually, for an apartment with one bedroom and a hall it is about 48 thousand dirhams, and for an apartment with two bedrooms and a hall it is 60 thousand dirhams, while the average rental value for an apartment with three bedrooms and a hall is 72 thousand dirhams.
“Dubai South” area
The average rental value for a “studio” apartment in the “Dubai South” area is about 33 thousand dirhams annually, and for an apartment in the category of one bedroom and a living room, it is 48 thousand dirhams annually, while the average rental value for an apartment with two bedrooms and a living room is 70 thousand dirhams, and for an apartment of Three bedrooms and a living room, 120 thousand dirhams annually.
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2023-12-18 00:00:00
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