Popular Areas for Property Rent

Dubai Rental Property Market. H1 2024

According to the Dubai Land Department (DLD), from January to May 2024, the number of visitors in Dubai had increased by 10% – 8.12 million, compared to 7.39 million during the same period in 2023.

Rental Rate Increase, Compared to 2023

Apartments:

• Luxury rose by 7.23%
• Affordable rose by 10.87%

Villas:

• Luxury rose by 4.48%
• Affordable rose by 3.90%

The Most Popular Areas

Luxury:

Apartments – Dubai Marina

Villas – Al Barsha

Affordable:

Apartments – Deira

Villas – DAMAC Hills 2

Annual Rental Prices for a 1-bedroom Apartment

TOP 5 Luxury Areas:

• Dubai Marina – $30,000
• Business Bay – $28,000
• Downtown Dubai – $37,000
• Dubai Creek Harbour – $31,000
• Palm Jumeirah – $48,000

TOP 5 Affordable Areas:

• Deira – $14,000
• International City – $12,000
• Al Nahda – $12,000
• JVC – $20,000
• Bur Dubai – $20,000