Dubai may be one of the best places in the world to live in, but housing affordability remains an issue for a lot of people.
Apartment costs are indeed one of the biggest expenses for residents in the country, constituting nearly about 50 per cent of the consumer basket. To minimize monthly outgoings, many expatriates end up sharing accommodations with strangers.
But take heart – there are still decent places out there that don’t necessarily break the bank. The key is to do some research and comparison shopping.
In general, accommodation cost varies widely across the emirate. Annual rents can differ as a result of a number of factors such as supply and demand, facilities, location or proximity to the city centre and transportation links.
A tenant renting a flat in an old, decrepit building near a Dubai Metro station could be paying more than those who opt to live in a shiny, new apartment in the outskirts. Far-flung or newly developed communities are some of the cheapest areas to rent.
- International City
Average rent for studio units: Dh 37,500
Average rent for one-bedroom apartments: Dh48,500
2. Deira
Average rent for studio units: Dh45,000
Average rent for one-bedroom apartments: Dh62,500
- Jumeirah Village
Average rent for studio units: Dh47,500
Average rent for one-bedroom apartments: Dh62,500
- Discovery Gardens
Average rent for studio units: Dh49,000
Average rent for one-bedroom apartments: Dh66,000
- Jumeirah Lakes Towers
Average rent for studio units: Dh65,000
Average rent for one-bedroom apartments: 8
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