Four Dubai residential areas with the lowest rent increases this year


Sarwat Nasir
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Rental prices in many residential areas of Dubai have been increasing in the past year.

Average rents for apartments rose 4 per cent from the first quarter of 2022, while villa rents increased 6 per cent, according to property consultancy Asteco.

But there are neighbourhoods in the emirate that have not seen a significant rise in rent compared to the more prime locations such Palm Jumeirah, Dubai Hills and Dubai Marina.

Muhammad Saad, property consultant at Aeon and Trisl Real Estate Brokers, said residential districts on the outskirts of the city are becoming popular.

“Given the hike of rents in many residential areas, especially ones that are in close to integral parts of Dubai, many residents are eyeing a move to the outskirts of the city and to areas away from the hustle and bustle of Dubai,” he said.

“With the government's initiative of upgrading the entire city's infrastructure and for people living away from the city having easy access to schools and hospitals, this trend may continue for the foreseeable future.”

Here, Mr Saad highlights some of the top areas in Dubai that have seen the least increases in rent this year.

Dubai South

Even though there is still some construction happening in this area, Dubai South offers attractive apartment rents for those looking to live closer to the Expo 2020 site and Dubai World Central airport.

Studio apartments are as low as Dh20,000, while some two-bedroom flats are going for up to Dh55,000, depending on the size and location.

NAIA Tenora, a 10-storey, 270 unit tower, will be the first luxury serviced hotel apartments to be opened within the Dubai flagship project, Dubai South. Photo: Damac Properties
NAIA Tenora, a 10-storey, 270 unit tower, will be the first luxury serviced hotel apartments to be opened within the Dubai flagship project, Dubai South. Photo: Damac Properties

“Despite Dubai hosting the Expo this year, annual rents have not seen a significant increase in Dubai South,” Mr Saad said.

“The community is still not fully ready with construction taking place in most parts of the area.

“I do, however, expect things to pick up over the next couple of years with the expansion of Dubai's master plan.”

There are also townhouses in the area that are priced low, with two-bedroom units for Dh45,000 to Dh55,000.

Dubai Production City (IMPZ)

There is not a lot of development in this area, so rental prices have not seen a significant rise.

But residents have access to facilities in nearby neighbourhoods such as Jumeirah Village Triangle and Dubai Sports City.

Studio apartments are going for as low as Dh22,000, many one-bedrooms start at Dh30,000 and two-bedrooms are between Dh40,000 to Dh55,000.

“Despite being a well-located community, IMPZ has not seen a drastic hike in rent and that is only down to one reason — lack of development in the community,” Mr Saad said.

“With its neighbouring communities being at least 20 per cent higher in terms of rental values, IMPZ lacks the infrastructure that many places in Dubai have.

“It is, however, on the verge of developing into one of the finer communities. It also boasts one of the popular shopping malls in the UAE called City Centre Me'aisem.”

There are no villas or townhouses in this neighbourhood, but it is close to the Jumeirah Golf Estates.

Damac Hills 2

This residential district has become popular over the past two to three years for its low rents on apartments and townhouses.

Even though there has been an increase in rent in this area, it still offers affordable prices, with a three-bedroom townhouse going for Dh60,000, up from Dh45,000 last year and the year before.

Rents for studio apartments start at Dh20,000 and go up to Dh80,000 for three bedrooms.

There has also been a lot of development in the area and residents now have access to hypermarkets, pharmacies and a few restaurants.

“What used to be considered a community in the middle of nowhere is now a suburban oasis that gives its residents a unique lifestyle,” said Mr Saad.

“Damac Hills 2 now has a great community centre, which features everything from restaurants to pharmacies and hypermarkets.

“With its recent addition of food trucks and a floating cinema, residents of the community need not look to leave the gates for all their daily necessities.”

International City

This neighbourhood has been a popular choice for bachelors, families and business owners for many years.

It was always known to have affordable rental prices and continues to cater to those who are looking for pocket-friendly deals.

Located near Dragon Mart, the area has plenty of restaurants and shopping centres.

Apartment buildings in International City. Antonie Robertson / The National
Apartment buildings in International City. Antonie Robertson / The National

“International City has seen many changes in rental prices but the community has matured and has seen a steady value of rent,” said Mr Saad.

Studio apartments are priced at Dh19,000, one-bedrooms start at Dh28,000, two-bedrooms at Dh40,000 and three-bedrooms are going for Dh68,000 to Dh85,000.

Al Warsan Village in International City has seen a rise in tenants over the past two years.

It has three-bedroom townhouses, with rents currently ranging from Dh80,000 to Dh90,000.

They are spacious and close to all the restaurants, clinics and hypermarkets in the area.

Company%20Profile
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The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

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T20 squad against Ireland and England: Kohli (c), Dhawan, Rohit, Rahul, Raina, Pandey, Dhoni, Karthik, Chahal, Kuldeep, Sundar, Bhuvneshwar, Bumrah, Pandya, Kaul, Umesh.

ODI squad against England: Kohli (c), Dhawan, Rohit, Rahul, Shreyas, Rayudu, Dhoni, Karthik, Chahal, Kuldeep, Sundar, Bhuvneshwar, Bumrah, Pandya, Kaul, Umesh

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About Housecall

Date started: July 2020

Founders: Omar and Humaid Alzaabi

Based: Abu Dhabi

Sector: HealthTech

# of staff: 10

Funding to date: Self-funded

The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

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Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

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%3Cp%3EName%3A%20Tabby%3Cbr%3EFounded%3A%20August%202019%3B%20platform%20went%20live%20in%20February%202020%3Cbr%3EFounder%2FCEO%3A%20Hosam%20Arab%2C%20co-founder%3A%20Daniil%20Barkalov%3Cbr%3EBased%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Payments%3Cbr%3ESize%3A%2040-50%20employees%3Cbr%3EStage%3A%20Series%20A%3Cbr%3EInvestors%3A%20Arbor%20Ventures%2C%20Mubadala%20Capital%2C%20Wamda%20Capital%2C%20STV%2C%20Raed%20Ventures%2C%20Global%20Founders%20Capital%2C%20JIMCO%2C%20Global%20Ventures%2C%20Venture%20Souq%2C%20Outliers%20VC%2C%20MSA%20Capital%2C%20HOF%20and%20AB%20Accelerator.%3Cbr%3E%3C%2Fp%3E%0A
SPECS
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COMPANY PROFILE

Name: Rain Management

Year started: 2017

Based: Bahrain

Employees: 100-120

Amount raised: $2.5m from BitMex Ventures and Blockwater. Another $6m raised from MEVP, Coinbase, Vision Ventures, CMT, Jimco and DIFC Fintech Fund

Racecard
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Chef Nobu's advice for eating sushi

“One mistake people always make is adding extra wasabi. There is no need for this, because it should already be there between the rice and the fish.
“When eating nigiri, you must dip the fish – not the rice – in soy sauce, otherwise the rice will collapse. Also, don’t use too much soy sauce or it will make you thirsty. For sushi rolls, dip a little of the rice-covered roll lightly in soy sauce and eat in one bite.
“Chopsticks are acceptable, but really, I recommend using your fingers for sushi. Do use chopsticks for sashimi, though.
“The ginger should be eaten separately as a palette cleanser and used to clear the mouth when switching between different pieces of fish.”

The bio

Date of Birth: April 25, 1993
Place of Birth: Dubai, UAE
Marital Status: Single
School: Al Sufouh in Jumeirah, Dubai
University: Emirates Airline National Cadet Programme and Hamdan University
Job Title: Pilot, First Officer
Number of hours flying in a Boeing 777: 1,200
Number of flights: Approximately 300
Hobbies: Exercising
Nicest destination: Milan, New Zealand, Seattle for shopping
Least nice destination: Kabul, but someone has to do it. It’s not scary but at least you can tick the box that you’ve been
Favourite place to visit: Dubai, there’s no place like home

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

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Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

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Arabian Gulf League fixtures:

Friday:

  • Emirates v Hatta, 5.15pm
  • Al Wahda v Al Dhafra, 5.25pm
  • Al Ain v Shabab Al Ahli Dubai, 8.15pm

Saturday:

  • Dibba v Ajman, 5.15pm
  • Sharjah v Al Wasl, 5.20pm
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How to increase your savings
  • Have a plan for your savings.
  • Decide on your emergency fund target and once that's achieved, assign your savings to another financial goal such as saving for a house or investing for retirement.
  • Decide on a financial goal that is important to you and put your savings to work for you.
  • It's important to have a purpose for your savings as it helps to keep you motivated to continue while also reducing the temptation to spend your savings. 

- Carol Glynn, founder of Conscious Finance Coaching

 

 

The specs: 2018 Mazda CX-5

Price, base / as tested: Dh89,000 / Dh130,000
Engine: 2.5-litre four-cylinder
Power: 188hp @ 6,000rpm
Torque: 251Nm @ 4,000rpm
Transmission: Six-speed automatic
​​​​​​​Fuel consumption, combined: 7.1L / 100km

Other acts on the Jazz Garden bill

Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part one: how cars came to the UAE

 

Updated: October 12, 2022, 3:00 AM