How to Look for Rental Properties in Downtown Dubai
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 shortage.
When it comes to finding a properties in Downtown Dubai, houza.com hosts 1696 for rent. Potential property owners can choose from various housing types in the Downtown Dubai: penthouse, apartment, hotel apartment.
Top Considerations when looking for properties for Rent in Downtown Dubai
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 properties 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 properties 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 properties for rent in Dubai.
Properties Rent Prices in Downtown Dubai
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 properties 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 property for rent in Downtown Dubai is 267,870 AED. The most affordable unit in Downtown Dubai is located in The Lofts, while the highest priced unit is located in RP Heights.
What makes Downtown Dubai stand out?
When buying or renting a property, the location is a crucial deciding factor. Typically, it's best to find a properties 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 Downtown Dubai?", "What facilities are available to me in Downtown Dubai?", "What are the means of transportation in Downtown Dubai?", along with handpicked tips from Downtown Dubai property experts to help you make the best decision when renting a properties property in Downtown Dubai.
Additional Considerations when renting a properties in Downtown Dubai
- 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 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 Downtown Dubai
If you're looking for properties for rent in Downtown Dubai, 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 Downtown Dubai, which sits at 46 AED/SqFt: Al Raha Beach 45 AED/SqFt), Al Masoodi (25 AED/SqFt), & DAMAC Hills (Akoya by DAMAC) (12 AED/SqFt).
Buying versus Renting an properties property in Downtown Dubai
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 Downtown Dubai, 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 Downtown Dubai 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.
