How to Look for Rental Apartments in Business Bay
As an ever-increasing multinational workforce migrates to Dubai each year to pursue their careers in a multicultural open city, it's easy to see why apartments for rent in Dubai are prevalent. Dubai is one of the few densely-populated megacities without a housing shortage.
When it comes to finding a apartments in Business Bay, houza.com hosts 979 for rent. Potential property owners can choose from various housing types in the Business Bay: villa, apartment, hotel apartment, full floor, penthouse, office.
Top Considerations when looking for apartments for Rent in Business Bay
In recent years, Dubai has become a highly appealing destination for global businesses, residents, and tourists. Relocating to Dubai for work or pleasure can be a wonderful experience, particularly since the emirate offers countless apartments properties for rent.
The number of real estate transactions in Dubai has skyrocketed in recent years. Dubai has rapidly become one of the few safe, global cities with zero income tax, driving up demand for real estate from overseas buyers. The domestic market has also shown strong growth as locals and expats seek to make Dubai their home.
The rental market has mirrored this trend, with record levels of rental contract registrations within Dubai. When looking for a apartments to rent in the UAE, you can expect to pay more of a premium within Dubai and Abu Dhabi, compared to other emirates. That’s to be expected since both are central locations in the UAE. The good thing is that there are endless options for real estate properties for rent in the emirates. That means, regardless of your budget, you will be able to find a apartments for rent in Dubai.
Apartments Rent Prices in Business Bay
What percentage of your income can you allocate for renting? Dubai can be a costly city to reside in when compared to other cities, so be realistic with your figures and stick to them. Assess the overall cost of your rent, how many cheques you can pay in, the 5% agency fees, moving costs, DEWA and internet utility bills. Look up an apartments for rent on houza.com based on your filtered search of price, property type, amenities, location, and more to get an idea of what you can afford.
houza is the first property portal in the UAE to introduce transactional and trend data directly for consumers with the launch of The Price Widget, a tool that sits on houza.com when property seekers are browsing for properties. The widget includes the average rental price on a community building, and bedroom level, as well as % changes MoM for these areas.
The average price of a apartment for rent in Business Bay is 134,080 AED. The most affordable unit in Business Bay is located in Bayz by Danube, while the highest priced unit is located in Al Habtoor City.
What makes Business Bay stand out?
When buying or renting a property, the location is a crucial deciding factor. Typically, it's best to find a apartments in Dubai close to work to avoid traffic and costly transport expenses. In Dubai, there are road tolls, although these can be avoided with some diversions!
If you have children, nearby schools should also be considered. Check the location of essential facilities such as a supermarket, pharmacy, and hospital. You may need to find the middle ground when going through your checklist, so categorize the facilities based on their importance.
houza recently introduced "Tips & Insights" for a growing selection of neighborhoods such as Dubai Marina, Dubai Hills Estate, Business Bay, Dubai Downtown, and many more. The new section is the aggregated result of surveying property agents from the UAE's top real estate agencies in an effort to answer the everyday questions property seekers like yourself have when selecting a neighborhood, such as "What is the rental demographic in Business Bay?", "What facilities are available to me in Business Bay?", "What are the means of transportation in Business Bay?", along with handpicked tips from Business Bay property experts to help you make the best decision when renting a apartments property in Business Bay.
Additional Considerations when renting a apartments in Business Bay
- Utilities: Create a list of the utilities you can and can’t live without. The number of rooms and the sizes of the bathroom and kitchen are typical considerations. But also think of other amenities like a parking spot, a bathroom heater, an in-unit washer, a private balcony, elevators, extra storage, a fitness centre, and more. Check if there are amenities that require extra costs.
- Pets: If you have a domestic pet or plan to get one, inform your agent and potential landlord right away. Some apartmentss have a no-pet policy, so having the information readily available will save you time and money. If you find an apartmentss for rent that accepts pets, be sure to inquire about the rules and restrictions to prevent problems down the road.
- The agent: Whether you’re buying or renting an apartmentss in Dubai, you will need the assistance of a real estate agent. With so many agencies in the UAE, choosing the right one can be tricky. Check out authorized real estate service providers like houza to find RERA-certified agents. We have a dedicated page on finding agencies that you can work with efficiently and legally.
- The Landlord: RERA mandates landlords to ensure that the apartmentss for rent are in liveable conditions before any tenant moves in. Researching what a landlord on a rental property in Dubai can and cannot do is a smart move. It’s beneficial before closing the deal, but particularly after you’ve moved in. For instance, your landlord cannot increase the rent on the spur of the moment. Rent increases must be in accordance with RERA’s Rent Index. If your landlord increases your rent on a whim, you may submit a complaint with the Rent Committee under Decree No. 26 of 2013.
Dubai Neighborhoods with similar prices to Business Bay
If you're looking for apartments for rent in Business Bay, then you might also be interested in checking out communities that are similarly prices when it comes to apartments for rent.
Here are 3 communities in Dubai that are similarly priced to apartments in Business Bay, which sits at 80 AED/SqFt: Electra Street 67 AED/SqFt), Karama (54 AED/SqFt), & Al Mairid (41 AED/SqFt).
Buying versus Renting an apartments property in Business Bay
Undoubtedly, purchasing a real estate property in Dubai or Abu Dhabi is an excellent investment. Both are megacities and offer tons of economic opportunities. Like renting a apartments property in Business Bay, buying one has pros and cons. Ultimately, the length of your stay will heavily influence whether you rent or buy an apartments. Another consideration is your financial power
Renting an apartments in Business Bay is more practical if you want to work or stay in the emirate for a few years. Even if you decide to stay for the long haul, renting an apartments first will give you a better sense of what your way of life will be.
Whether you are looking to purchase or rent an apartments in Dubai, houza.com provides thorough information and assistance in finding the ideal home for you.
