Competitive rental price is an important factor for renters in Dubai. However, location and high demand, made Dubai Marina the most suitable location for renting apartments in the year 2015.
Top Five Residential Locations Of Dubai In 2015:
Dubai Marina held the first spot with an annual average rent of a studio at USD 20691 in 2015. Average annual rent of one-bed, two-bed and three-bed apartments was at USD 29131, USD 42744 and USD 61,258 respectively.
Jumeirah Lakes Towers:
In the second place, stood Jumeirah Lakes Towers with an average rent for studio units at USD 17,152. Average annual rent of one-bed, two-bed and three-bed apartments was at USD 25047, USD 36,210, USD 50,368 respectively.
Bur Dubai stood at the third spot taking over Downtown Dubai. Average annual rent for studio, one-bed, two-bed, three-bed was at USD 15,791, USD 21780, USD 32671, USD 43,289 respectively.
Downtown Dubai fell to the fourth place from the second place. Annual rent for studio, one-bed, two-bed, three-bed was at USD 24,231, USD 35,121, USD 55,268, USD 795,00 respectively.
Dubai Silicon Oasis:
Due to its affordability, Dubai Silicon Oasis stood at the fifth spot. Annual rent for studio, one-bed, two-bed, three-bed was at USD 13,340, USD 17,969, USD 25,047, USD 37,571 respectively.
Earlier in December, 2015, Jumeirah Park was reportedly the cheapest area to rent one-bed units in Dubai. Most of the tenants in Dubai are willing to pay an increase of five to 10% instead of planning to relocate as they are happy with their current residential area.
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