Why the dip?
haus & haus lettings broker Jordan Ferrie explains why a number of affordable new developments have impacted Dubai rental prices since 2017.
“Firstly, with more than enough properties to meet demand, rental rates swung in favour of tenants. Secondly, the emergence of cheaper developments in the ‘suburbs,’ made communities like Dubailand super popular. Right now, that means more vacant properties for less rent in prime central Dubai.”
Dubai Marina rentals start at under 90,000 AED per annum for a furnished 1 bed apartment like this one at Marina View Tower A.
If your budget stretches further, Marina specialist Jordan Ferrie thinks this sleek apartment at Marina Shemara Tower is worth it.
“This property is one of the best I’ve seen for the price, although it comes unfurnished, so remember to factor the essentials into your budget,” Jordan advises.
Fellow broker Darren Purdon is marketing a 1 bed apartment at Dubai Marina for 97,000 AED per annum. Modern tower in a very central location, walking distance to Marina Mall and just across the bridge is the beach. "It’s a great price for a furnished apartment in this tower, in the centre of the marina with a beautiful view," says Darren.
There’s nothing temporary about our rental properties – whatever your budget, our Dubai lettings brokers will find you the perfect place to make your haus a home.
Meanwhile, if you’re looking for a 2 bed apartment, Jordan Ferrie has just the property at Blakely Tower, Park Island. With panoramic views from every light filled room, Jordan says offers of around 145,000 AED per annum will be accepted for this immaculate home: “One of classiest Park Island 2 bed units on the market.” There are multiple advantages to living in Dubai Marina. Single professionals love the built-in benefits of pool and gym, a standard feature of many apartment blocks. Young families love the Marina walkway, where you can leave the car behind and walk to numerous cafés and playgrounds. From party yachts to paddleboards, just about everyone loves the marina lifestyle. Read more about living in Dubai Marina.
Palm Jumeirah is all about a sublime lifestyle. Now you can enjoy that lifestyle on a budget, as this bijou studio for rent at Palm Views proves. This well-thought out space also features a good size balcony overlooking The Palm, together with access to a pool and new gym.
At just 70,000 AED per annum, Palm Jumeirah specialist Harry White says this is an ideal first let for anyone just arrived in Dubai.
According to Stefan Novkovic, another member of the Palm Jumeirah team, current rental prices present couples and families with an unmissable opportunity to live somewhere exceptional. His top properties include this 2 bed apartment with maid’s room in Marina Residence 3. The property has a big kitchen, excellent open plan living space and vast balcony, all for 150,000 AED per annum. Stefan also markets this 3 bed corner unit for rent in Golden Mile 1. “With a study, maid’s room and huge covered terrace overlooking the park, this is 2,500 sq.ft of perfect family space for only 175,000 AED per annum,” says Stefan.
High-end hotels and theme parks aside, Palm Jumeirah can be a tranquil place to live. Extensive amenities like supermarkets and nursery schools mean you’ll rarely need to go ‘off-palm’. The deal breaker? The brunch options never fail to impress. Read more about living in Palm Jumeirah.
Check the properties mentioned here on a map.