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Sunday, 5 January 2014

Dubai's cheapest and costliest apartments

Lease rates for two beds in Jumeirah Lake Towers rose between 15 and 20 per cent. As per the latest index, rents range between Dh120,000 and Dh150,000 pa.
In December, Dubai government issued Decree No. 43 of 2013 concerning the percentages of maximum property rent increase that are allowed upon the renewal of tenancy contracts.
Although currently the index is still in its old avatar, a more detailed index that will include views of an apartment and facilities offered in a tower, etc, is expected to be released this year.

Apartment rents (Dh per thousand)


Community               Studio          One-bed        Two-bed
Int’l City                       30-35             35-45               45-55
Silicon Oasis             35-40             60-60               60-75
Remraam                   35-40             45-55               60-75
Dubai Invt Park          25-35             40-50               60-80
Discovery Gardens   40-45             55-65               70-85
Sports City                  40-45             55-65               75-85
Business Bay             60-70             80-100           120-140
Downtown                   65-75             90-110           160-190
Dubai Marina              55-70             90-120           140-170
JLT                                55-75             80-100          120-150
Palm Jumeirah           ----                130-160           180-230

(Rent index udpated in January 2014)

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