Most Affordable Areas In Dubai For Rental Properties

Dubai is one of the most popular cities in the world. It has become an attractive destination for many people from all across the world. Due to its economic condition, high living standards, luxurious, and better opportunities for businesses, it is well reputed among families, professional workers, students, businessmen, job holders, and celebrities. Whether they are expats or residents, Dubai is a desired city to live a comfortable or luxurious lifestyle.

Many people cannot afford to buy a luxurious home in Dubai for some reasons, and they prefer to live in a rental residential property. Finding a rental property as per their budget, needs, preferences, and lifestyle can be a daunting task in Dubai. Dubai has many neighborhoods and residential communities that are considered as most affordable areas in the city, such as International City, Deira, Dubai South, and Jumeirah Village Circle.

In this article, we will explore the most affordable areas in Dubai for rental properties, and it will be helpful for you to find a rental property as per your financial circumstances.

Top Budget Friendly Neighborhoods For Renting In Dubai

The following are the most affordable areas in Dubai for rental properties. In these areas, families or individuals can find different types of properties, including villas, apartments, townhouses, or penthouses. These areas have multiple opportunities to find rental properties in Dubai that suit their needs, preferences, and budget.

1. International City

Location:

It is located in Al Warsan Region, Dubai

Nearby Attractions:

• Dubai International Airport – 15 minutes
• Academic City – 10 minutes
• Downtown Dubai – 20 minutes
• Dubai Marina – 30 minutes

Property Types and Prices:

This prestigious neighborhood offers various types of properties ranging from compact studios to spacious townhouses and attractive villas. With viable housing options, International City is the best community for low and medium earners.

If you are curious about average rent for different apartments in International City, here is the list for you.

• Average rental price for a 1-bedroom apartment is AED 38,103 per year.
• Average rental price for a 2-bedroom apartment is AED 52,830 per year.
• Average rental price for a 3-bedroom apartment is AED 83,195 per year.

Amenities:

The residents in International City, Dubai can enjoy modern facilities poised at every corner, and these state-of-the-art amenities ensure a comfortable and luxurious lifestyle.

• Dragon Mart shopping mall
• Carrefour
• Spermarkets
• Medical facilities
• Educational Institutes
• Al Warsan Lake
• Gyms and Fitness Centers

2. Deira

Location:

It is situated at the center of the city, on the bank of Dubai Creek, and close to Bur Dubai.

Nearby Attractions:

• Clock Tower – Located within Deira
• Fish Roundabout – Located within Deira
• Dhow Wharf – Located within Deira
• Dubai International Airport – 9 minutes away
• Downtown Dubai – 17 minutes away

Property Types and Prices:

According to the report, Deira is the 5th most popular area for renting apartments. It is the oldest area of the city and is known as a commercial hub. It has various types of properties, but it is famous for its apartments. The apartments in this culturally rich area are available for rent at reasonable prices that are favourable for middle-class families and job holders.

• Average rental price for apartments is AED 18,000 per annum.

Amenities:

• Deira is the home to the oldest mall in the city: Al Ghurair Center.
• Hartitage house and Al Ahmadiya School are also located in Deira.
• Carrefour Supermarket is there for groceries.
• The oldest spiritual center of the city: The Omar Ali Bin Haider Mosque is also situated in Deira, Dubai.
• Five Star Hotels and the best dining options in Deira.
• This community also includes top medical facilities, schools, and universities.

3. Dubai South

Location:

Dubai South is located on Sheikh Muhammad Bin Zayed Road, Dubai

Nearby Attractions:

• Al Makhdoom International Airport – 5 minutes
• Sheikh Zayed Road – 20 Minutes
• Dubai Parks and Resorts – 20 minutes
• The Outlet Village – 20 minutes

Property Types and Prices:

Apartments and villas are the two main residential properties in Dubai South. Many areas of this community offer spacious villas and luxurious apartments in different prices. So, tenants have multiple opportunities to choose the residential property according to their budget and affordability. Other than villas and apartments, some projects in Dubai South also have townhouses.

• Average Rental Price of a 1-bedroom apartment is AED 57,000 per year
• Average Rental Price of a 2-bedroom apartment is AED 81,000 per year
• Average Rental Price of a 3-bedroom apartment is AED 116,000 per year

Amenities:

• Multiple sport centers
• Best educational facilities
• Medical facilities
• Recreational parks
• Shopping malls and dining options
• Aviation and logistic ecosystem
• Commercial and retail office spaces

4. Dubai Silicon Oasis

Location: Dubai Silicon Oasis is strategically located between Dubai and Sharjah. It is located at the intersection of Dubai Al Ain Road and Sheikh Muhammad Bin Zayed Road.

Nearby Attractions:

• Dubai International Airport – 24 minutes
• Global Village – 18 minutes
• Burj Khalifa – 24 minutes

Property Types and Prices:

Dubai Silicon Oasis is a vibrant community offering all types of properties at affordable prices. Whether you are looking for elegant villas with private gardens, spacious townhouses, or ultra-luxurious apartments, this prestigious neighborhood is an ideal destination for families, students, and young professionals.

• Average Rental Price of a studio is AED 41,000 per year.
• The Average Rental Price of a 1-bedroom apartment is AED 57,000 per year.

Amenities:

Dubai Silicon Oasis is packed with state-of-the-art amenities so the residents in this community can enjoy a comfortable and luxurious lifestyle. It is the best choice for high quality education, top quality medical facilities, and other local facilities. For recreational, it is home to the best restaurants, cafes, and dining options in the city.

5. Jumeirah Village Circle

Location: Jumeirah Village Circle is located next to Dubai Miracle Gardens and is quickly accessible through Hessa Street and Sheikh Zayed Road.

Nearby Attractions:

• Dubai Miracle Gardens – 10 minutes
• Motor City – 10 minutes
• Mall of the Emirates – 15 minutes
• Downtown Dubai – 20 minutes
• Dubai International Airport – 25 minutes

Property Types and Prices

Jumeirah Village Circle is a popular residential community that offers cheap residential properties for families, individuals, and professional workers. This sophisticated and secure neighborhood gives the beneficial opportunity to find a rental that meets the needs and preferences of families with different budgets.

• Average Rental Price of a 1-bedroom apartment is AED 73,229 per year.
• Average Rental Price of a 2-bedroom apartment is AED 107,716 per year.
• Average Rental Price of a 3-bedroom apartment is AED 132,372 per year.

Amenities:

Jumeirah Village Circle is a family-friendly community and it provides a comfortable and enjoyable lifestyle to the residents by ensuring the availability of world-class facilities. The whole community is packed with top-notch amenities. Top schools and hospitals are located in this community. Many restaurants, cafes, shopping malls, and supermarkets are there for entertainment and recreational purposes.

Factors To Consider Before Choosing The Rental Property

Before making the final decision about choosing the rental property, it is necessary to consider some important factors. Here is the list of these considerable factors that make your decision about rental property a beneficial and profitable for you.

• Personal Preferences and Lifestyle
• Property prices in the specific area
• Cost of living
• Location and accessibility
• Availability of local transportation
• Security system and safety
• Local amenities and services
• Medical facilities
• Quality of educational institutes
• Proximity to your workplace
• Information about legal process and tenants’ rights