According to a real estate report, rents in Dubai increased by 26.6% from the previous year’s figures, with average annual rates now approaching Dh90,000 for apartments and Dh260,000 for villas.
“Rental rate growth in Dubai has reached high records,” said Taimur Khan, head of research for Mena at CBRE in Dubai. “Rents for apartments and villas increased by 26.7% and 25.5%, respectively, (in the 12 months to September 2022).”
CBRE Group, Inc., a provider of commercial real estate services and investments, became a member of the Fortune 500 in 2008.
For 20 years, The Lipsey Company has recognized CBRE as the industry’s best brand, and for nine years, Fortune has named CBRE one of its “Most Admired Companies,” with the company taking the top spot in real estate for the third consecutive year in 2021.
According to the latest CBRE Dubai Residential Market Snapshot, the average annual rent for apartments in Dubai reached Dh89,986 in September, while the average yearly rent for villas in Dubai reached Dh268,758.
Based on the report, the most expensive areas to rent were Palm Jumeirah (Dh231,397 for apartments) and Al Barari (Dh946,270 for villas).
The CBRE determined the rates based on the average size of all apartment and villa types.
Most Affordable Rental Properties
The following is a list of the most affordable rental properties (the figures represent the typical annual rent for apartments):
| Name Of Area | Annual Rent for Apartments (DH) |
| International City | 30,703 |
| Dubailand Residential Complex | 36,819 |
| IMPZ | 39,786 |
| Dubai Sports City | 42,824 |
| Arjan | 44,880 |
| Dubai Silicon Oasis | 48,518 |
| Discovery Gardens | 48,569 |
| Jumeirah Village Circle | 55,852 |
The Priciest Places to Live in Dubai
The following is a list of some of the priciest places to live in Dubai (numbers represent typical annual apartment rents):
| Name Of Area | Annual Rent for Apartments (DH) |
| Palm Jumeirah | 231,397 |
| Downtown Dubai | 189,727 |
| Jumeirah | 162,951 |
| The Old Town | 160,195 |
| Dubai Marina | 155,173 |
| JBR | 144,934 |
| DIFC | 133,066 |
| The Views | 132,015 |
| Greens and Views | 115,478 |
| Business Bay | 112,613 |
Most Cost-Effective Villas
Here are some of the most cost-effective choices for villas (figures show average yearly rents):
| Name of area | Annual rent for Villas (DH) |
| Deira | 112,737 |
| Jumeirah Village Circle | 141,091 |
| Reem | 141,611 |
| The Springs | 166,724 |
| Mudon | 174,508 |
| The Springs and The Meadows | 177,728 |
| Damac Hills (Akoya) | 185,711 |
| Al Furjan | 187, 974 |
Most Expensive Places to Rent a Villa
Here are some of the most expensive places to rent a villa:
| Name Of Area | Annual Rent for Villas (DH) |
| Al Barari | 946,270 |
| Palm Jumeirah | 925,403 |
| Emirates Hills | 879,077 |
| Jumeirah Islands | 585,143 |
| Jumeirah | 500,635 |
| Green Community | 389,777 |
| Jumeirah Golf Estates | 367,413 |
| The Meadows | 328,143 |
Khan noted that September rents were higher than the same month five years prior in 22.6% of the emirate’s apartment communities and 96% of villa communities.
“Rents in 6.5% and 28%, respectively, of the apartment and villa communities that we track are currently higher than they were at their previous peak”, according to Khan.
This increase, he believes, will have a “significant” impact on the city’s affordability.
Consequently, Khan warned, “this could harm its competitiveness and other sectors, particularly when living expenses are high and the global economy is fragile.”
Where To Search for Properties in Dubai
Whether you want a beautiful place at a reasonable price that fits your budget or you want luxury and pampering, Dubai has both. You can browse many websites to help you find a suitable apartment or villa for you and your family; here is a list of these sites.