How to Look for Rental Properties 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 properties for rent in Dubai are prevalent. Dubai is one of the few densely-populated megacities without a housing scarcity.
When it comes to finding a properties in Business Bay, houza.com hosts 722 for rent. Potential property owners can choose from various housing types in the Business Bay: apartment, hotel apartment, full floor, villa, penthouse.
Top Considerations when looking for properties for Rent in Business Bay
Real estate deals in Dubai have skyrocketed. Dubai has rapidly become one of the few safe megacities, driving up demand for real estate from overseas buyers. The domestic market is also growing as locals and expats seek better propertiess for rent with more facilities and stricter security.
In Dubai and Abu Dhabi, properties properties for rent are more expensive than in the other emirates. That's to be expected since both are central locations in the UAE. The good thing is that there are a lot of real estate properties in the emirates that are for rent. That means, regardless of your budget, you will be able to find a good properties for rent in Dubai. Check out the below sections to find out whether buying a properties in Business Bay is the right thing for you.
Properties Rent Prices in Business Bay
The first step in your search for properties is establishing your budget. 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 which sits on houza.com when property seekers are browsing for property for rent. The Widget includes average price per square foot for properties for rent on a building and bedroom level, as well as % changes MoM for Business Bay. The feature is powered by transactional sales data and listing rental data provided from Reidin Data Analytics.
The average price of a property for rent in Business Bay is 128,800 AED. The most affordable unit in Business Bay is located in Bayz by Danube, while the highest priced unit is located in The Bay Gate.
What makes Business Bay stand out?
When buying or renting a property, the location is a crucial deciding factor. Ideally, you should rent an properties in Dubai close to work to avoid traffic and costly transport expenses. If you have children, nearby schools should also be considered. Check the location of essential facilities such as a church, hospital, and supermarket. You may need to find the middle ground when going through your checklist, so categorize the facilities based on 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 efforts 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 properties property in Business Bay.
Additional Considerations when renting a properties 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 propertiess have a no-pet policy, so having the information readily available will save you time and money. If you find an propertiess 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 propertiess 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 propertiess for rent are in liveable conditions before any tenant moves in. Researching what a landlord on a rental property in Dubai can and cannot 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 properties for rent in Business Bay, then you might also be interested in checking out communities that are similarly prices when it comes to properties for rent.
Here are 3 communities in Dubai that are similarly priced to properties in Business Bay, which sits at 153 AED/SqFt: Dubai Marina 150 AED/SqFt), Falaj Hazzaa (57 AED/SqFt), & Al Nahda (54 AED/SqFt).
Buying versus Renting an properties 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 properties 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 properties. Another consideration is your financial power.
Renting an properties 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 properties first will give you a better sense of what your way of life will be.
Whether you are looking to purchase or rent an properties in Dubai, houza.com provides thorough information and assistance in finding the ideal home for you.
