How much Dubai rents will cost in 2018
DUBAI - The Dubai Land Department has updated its
online rental index for 2018, which determines rental fee increases for all types of property in Dubai.
According to the rental index, places like International City, Sports City and Al Baraha in Deira are still some of the places where rents are considerably lower in 2018, while places like Palm Jumeirah and Jumeirah Beach Residence can set you back much more.
Here's a look at rental rates for one-bedroom apartments in these areas:
Dubai Marina: Dh70,000-Dh110,000
Business Bay: Dh75,000-Dh105,000
Jumeirah Lake Towers: Dh65,000-Dh95,000,
Dubai Sports City: Dh40,000 to Dh50,000
Burj Khalifa: Dh160,000-Dh170,000
Palm Jumeirah: Dh100,000-Dh155,000
Downtown Dubai: Dh80,000 to Dh105,000
International City: Dh35,000 to Dh40,000
The Greens: Dh75,000 to Dh90,000
Karama: Dh45,000 to Dh70000
Al Rigga in Deira: Dh50,000-Dh70,000
Jumeirah - Dh85,000 to Dh100,000
Mirdif - Dh75,000 to Dh85,000
Jumeirah Beach Residence - Dh110,000 to Dh150,000
Satwa: Dh40,000 to Dh60,000
Al Baraha: Dh35,000 to Dh45,000
Discovery Gardens: Dh55,000 to Dh75,000
Check the rental calculator
The rental index is determined based on the rental value of a location, as well as the type of property and number of rooms.
The index can also be used by tenants and landlords to determine rental fee increases. The maximum rental increase is set at 20 percent.
If the rent is 10 percent less than market value, there is no increase in the rental value.
A maximum increase of 5 percent is allowed if the rent is 11 percent to 20 percent lower than the market value.
Rental prices that are 21 to 30 percent lower than the market value may be increased by up to 10 percent.
If the rent is 31 to 40 per cent lower than the market value, the maximum increase may be up to 15 percent.
If the rent is lower than 40 percent or more of market value, the maximum increase may be up to 20 percent.
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