Dubai's residential rents hit the best progress charges since Might 2014 – Gulf Information

Dubai Silicon Oasis and Discovery Gardens provide value-for-money leases
Dubai: The tempo of rental will increase in Dubai is working at its highest fee since Might 2014, with landlords on common demanding 23.7 per cent extra within the 12 months since July 2021. A comparatively new two-bedroom condo at among the in-demand rental areas in Dubai common Dh87,000 a yr, whereas for villas that may be Dh261,000, in line with a brand new market replace from the consultancy CBRE.
An condo in Dubai Marina would command Dh150,423 on common, whereas items on the adjoining JBR can be within the Dh138,495 vary. The truth is, JBR is, in line with some estimates, one of many three in-demand residential rental areas in Dubai throughout the first-half of the yr.
High-end flats on the Palm common Dh219,769, however among the highest leases are on the area of interest residential cluster Al Barari, with the typical at Dh95,010.
For these extra reasonably priced selections, driving right down to Deira might see items record at Dh59,894, or Dh45,737 in Discovery Gardens and Dh47,268 in Dubai Silicon Oasis.

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