Dubai remains a desirable destination for people wishing to live in one of the most developing countries in the world, and realize their dreams due to a wide range of job opportunities and business ventures. One of the most important steps while moving to another country is finding an appropriate residential unit to live in. In this article we will tell you about the process of renting a property in Dubai, as well as about the most expensive and affordable areas in the emirate.
Search & Make A List of Interested Properties
You can start looking for an apartment or villa in Dubai online, including our website. Choose which property you want to rent – it can be an apartment, townhouse, penthouse, or a villa if you are looking for more space.
Try to take into consideration only those areas which are close to your place of work to save time on the road. Don’t forget to learn more about the closest educational institutions and medical clinics if you have children. Proximity to entertainment and leisure facilities, as well as to the Arabian Gulf, might also be important to you, depending on what you like to do in your spare time.
Before taking the final decision about the area, try to find out more about supermarkets, pharmacies and shopping malls, located within close proximity to the building. Check if the area has outdoor spaces and if there are children’s playgrounds and sports facilities within the vicinity.
Moreover, try to research different travel routes in the area to avoid losing time on the road travelling to or from work/home if it is a busy road connection. This can be done by visiting the neighbourhood which interests you, at various times of the day.
Most Luxurious Areas in Dubai
If you are wanting to experience a luxurious lifestyle in Dubai and have access to a great number of amenities located on the territory of your future home, as well as in the surroundings, you should take into consideration the following areas.
Note: The residential rental prices in Dubai have grown by 23.7% in 2022, with the highest growth seen on Palm Jumeirah and Downtown Dubai (39.8% and 38.4% respectively).
Among the amenities located on Palm Jumeirah are the Lost Chamber Aquarium, Aquaventure Waterpark, Nakheel Mall with over 140 shops, 30 dining venues, VOX Cinemas and Trampo Extreme, as well as The View offering 360-degree views of the Palm Jumeirah and its surroundings.
Note: If you are wanting to make a profitable investment and get a 5-year Golden Visa, which is given to those purchasing a residential unit from AED 2,000,000 (USD 545,000), you should take into consideration Palm Jumeirah.
You will never feel bored when living in Downtown Dubai due to The Dubai Mall, one of the largest shopping centers in the world with over 1,200 retail stores, 200 dining options, The Dubai Ice Rink, Dubai Aquarium & Underwater Zoo and many other entertainment options to enjoy. Moreover, Dubai Opera, The Dubai Fountain and the Burj Khalifa can be found here.
Among the main residential units which can be found in Dubai Marina are studios and 1-4 bedroom apartments. The prices for renting a unit vary from AED 35K (USD 10K) to AED 4.5M (USD 1.2M) annually. Those wanting more space will be interested in the penthouses, like a 5-bedroom luxurious penthouse located in the Cayan Tower, which will cost AED 2.5M (USD 681K) per year.
From Dubai Marina you can easily reach other areas of the emirate. Travel time to Business Bay and Downtown Dubai takes about 20 minutes, while Deira is within a 30-minute drive. Among the long list of entertainment and leisure venues in this district are Dubai Marina Mall with 140 retail outlets, cafes, restaurants and Reel Cinemas, Pier 7 which houses 7 famous restaurants and is one of Dubai’s most recognised dining destinations.
Note: Dubai is considered a waterfront city, and a wide range of properties with stunning views of the Arabian Gulf and direct beach access are offered to future residents and tenants. In this article you will find more information about the best beachfront properties in Dubai.
Most Affordable Areas in Dubai
If you are looking for the least expensive areas in Dubai to rent an apartment or villa, you might be interested in the following areas.
Jumeirah Village Circle
With the growth of rental prices in Dubai, more and more people choose Jumeirah Village Circle as prices here are still very affordable. However, even JVC saw the prices increase from 7% to 16%. The minimum price of a studio in Jumeirah Village Circle is AED 24K (USD 7K), while the price of a 2-bedroom apartment is from AED 48K (USD 13K) to AED 200K (USD 54K) annually.
It takes 15 minutes to get from Jumeirah Village Circle to Dubai Marina, while travel time to Business Bay and Downtown Dubai takes 20 minutes. Among the closest entertainment venues are Jumeirah Golf Estates ClubHouse, Dubai International Cricket Stadium and City Centre Me’aisem.
Liwan is considered another affordable area, where future residents can choose a unit from studios and 1-3 bedroom apartments with prices starting from AED 30K (USD 8K) to AED 55K (USD 15K) annually.
Residents of Liwan can get to Dubai Outlet Mall, Al Habtoor Polo Club, IMG Worlds of Adventure and Global Village within 15-minutes by car. Downtown Dubai is reachable within 20 minutes.
Discovery Gardens is a quiet and peaceful area which is popular among families with children. The price of renting a unit in the area costs from AED 26K (USD 7K) to AED 627K (USD 171K). Among the available units are studios and 1-7 bedroom apartments.
Those living in Discovery Gardens have access to a range of entertainment venues and activities including The Pavilion – Discovery Gardens and Ibn Battuta Mall. Travel time to Dubai Marina takes 15 minutes.
Visiting The Properties
Visiting the residential unit you are planning to live in is quite important. Prepare any questions beforehand and try to come earlier to walk through the area. Examine the residential unit properly and check if enough natural light gets inside the property. Ask yourself the following questions: are the rooms spacious enough for you and your family, which views are offered, are there parking spaces in the basement of the building or nearby, which amenities are offered to residents, and much more.
If you meet any residents of the development you visit, you can try to ask their opinion about the building to learn more about its benefits and drawbacks. It’s better to visit several apartments and villas before making a final decision. However, keep in mind that good options are in high demand and sometimes you need to make a decision as quickly as possible to get the unit you want.
How Can We Help?
Earid Real Estate provides a full range of services related to real estate. Our highly-skilled professionals are ready to help you to choose and purchase the most exciting residential projects in the emirate of Dubai.