Amir
With Dubai becoming an international hub for business and growing economic growth, apartment for rent in downtown Dubai is a significant issue that must be carefully considered to avoid unnecessary complications and expenses. Due to the high price of Buying a house in Dubai, Many people prefer to rent a house, so more than 70% of people in Dubai are renters.
You may be among the people who chose the United Arab Emirates as a desirable destination for immigration to start a new life. Immigrating to the UAE and creating life, like immigrating to any new country, comes with contemporary issues and similar concerns.
In this article, we reveal the top buildings to rent apartments in Downtown Dubai alongside the most popular areas in this fashionable part of the city to rent villas.
To find complete answers to questions related to an apartment for rent in downtown Dubai and to obtain comprehensive information, stay with us until the end of this article.
Apartment for Rent in Downtown Dubai
In Dubai, there is no mortgage, and houses are only rented out. The rental process and rules are generally the same in all seven emirates, but there may be slight differences between them when legalizing contracts or paying deposits. Rental contracts in Dubai are usually for one year; if canceled, there will be a heavy penalty.
Unlike many countries, most landlords in Dubai do not receive monthly rent. Many landlords require one year’s worth of pre-dated checks and three months’ rent as a down payment. In fact, they charge you a couple of checks for the whole year’s rent – which may be unreasonable for someone new to Dubai. Also, there is no specific rule for the number of checks; you can negotiate with the owner about this.
What is a deposit?
In addition to the rental amount, many property owners may ask the tenant to deposit an amount of money, usually 5% of the total rent for one year, to the property owner, which is referred to as a deposit. This fee is a guarantee for the property owner. This guarantees the payment of damages by the tenant in case of damage to the house. If the house is maintained in the same form during the period of residence, after the end of the contract, you have the right to request the entire deposit amount from the landlord.
The costs related to the lease and agencies are usually paid by the owner, but sometimes the tenants also share in paying it.
How much is the rental rate in Downtown Dubai?
Housing in Dubai and UAE is expensive. This means that workers or employees have to spend almost half of their monthly salary on rent.
But fortunately, even with this problem, the luxuries that can be obtained against these costs have made everyone cope with this issue and feel happy and comfortable.
Of course, many companies in Dubai provide housing for their employees. However, some only offer a stipend, and many still need to provide something for this. When considering housing costs, remember that Abu Dhabi is the most expensive city. Then Dubai takes second place, with Sharjah, Fujairah, and Al Ain being cheaper options.
There are different types of houses across the UAE. Choices range from high-rise apartments to villas in gated communities and townhouses.
What is the average house rent in Dubai?
Average rent in the UAE ranges from AED 30,000 to AED 50,000 (US$8,100 to $13,600) per year for a studio apartment.
Rents for one- and two-bedroom apartments range from AED 70,000 to AED 100,000 ($19,000 to $27,220).
What is the average annual rent for an apartment in Dubai?
The average annual rent of an apartment in Dubai for different apartments is as follows:
- Luxury one-bedroom apartment: 96,670 AED (26,320 US dollars)
- Standard one-bedroom apartment: 56,200 AED (15,300 US dollars)
- Luxury two-bedroom apartment: 140,000 AED (38,115 US dollars)
- Standard two-bedroom apartment: 79,000 AED (21,510 US dollars)
- Luxury three-bedroom apartment: 190,000 AED (51,725 US dollars)
- Standard three-bedroom apartment: 105,000 AED (28,585 US dollars)
Remember that Abu Dhabi and Dubai are the most expensive emirates in the United Arab Emirates. In areas like Ajman and Sharjah, these numbers are much lower.
The benefits of renting an apartment in downtown Dubai
Your residence address in Dubai real estate places you in an elite league of residents. These residential buildings offer desirable amenities and breathtaking views, making them one of the most exclusive in the UAE. Among the many cultural activities residents can engage in include attending performances at the Dubai Opera, dining at the restaurants along Mohammed Bin Rashid Boulevard, and viewing choreographed performances at the Dubai Fountains.
It is ideal for working professionals to rent Downtown Dubai properties because they are close to popular business hubs such as DIFC Dubai Design District and Business Bay, both of which are located near the workplace. If you wish to rent out a property in the area, you will appreciate its excellent connections with the rest of the city and its diverse range of activities.
The Best Apartment Buildings to Rent in Dubai’s Downtown
The Downtown Dubai area is home to some of the most prominent real estate projects in Dubai, including the tallest building in the world at the present time.
There are a variety of gorgeously maintained buildings in Dubai to choose from, but Burj Khalifa Apartments are the most popular with potential renters, followed by Bellevue Towers, Burj Views, Burj Al Nujoom, and The Residences.
Here is a brief look at one of the most famous buildings with apartments for rent in downtown Dubai. Let’s take a look!
The most famous apartment buildings to rent in downtown Dubai are as follows:
- Burj Khalifa
- Bellevue Towers
- Burj Views
- Burj Al Nujoom
- The Residences
BURJ KHALIFA
Unsurprisingly, the award-winning skyscraper Burj Khalifa is listed as the most prestigious address for people looking for apartments in Downtown Dubai, reaching an impressive height of 828 meters. The Burj Khalifa is an outstanding locale for sharing an apartment in Dubai.
Apartments for rent at the Burj Khalifa are definitely a sight to behold, which is well worth the hefty price tag they go for, as the average price for studios is 95k AED. The average cost for one bed is 137k AED, and the average price for two beds is 237k AED.
BELLEVUE TOWERS
Bellevue Towers is another excellent option for those seeking rental apartments. Choose from luxury residential apartments and penthouses available in multiple-bed types in the project’s two high-rise towers. Residents can take advantage of an array of amenities.
The apartments for rent in Bellevue Towers begin at AED 101k for a one-bedroom apartment, go up to AED 166k for a two-bedroom apartment, and go as high as AED 280k for a three-bedroom apartment each year.
BURJ VIEWS
If you are looking for an apartment for rent in Downtown Dubai, you will also be able to find Burj Views, a complex with three buildings, which includes studios, two bedrooms, three bedrooms, and duplexes. In the building, residents have access to various retail outlets, including salons, supermarkets, and eateries.
The Burj Views apartments are built to high standards with amenities such as squash courts, gyms, pools, barbecue areas, and squash courts. Based on the data, studio apartments average AED 69k for rentals, one-bedroom apartment’s average AED 98k, and two-bedroom apartments average AED 160k.
In Burj Views, the floor plans reveal multiple layouts available for each building type in terms of layouts that tenants may choose to suit their needs.
BURJ AL NUJOOM
Among the other Downtown Dubai apartment towers that may interest prospective tenants is Burj Al Nujoom, a magnificent three-tower apartment complex that offers luxury residences.
A wide range of activities is available at Downtown Dubai’s restaurants and cafes. These high-rises also have health clubs, rooftop gardens, and swimming pools. Play areas are available, and round-the-clock security is also available to residents.
There are various price points to consider when renting an apartment in Burj Al Nujoom in terms of its rent, with an average of AED 69k for studio apartments and AED 165k for apartments with 2 bedrooms.
THE RESIDENCES
The Residences are a luxury residential development that includes nine buildings. They were built by EMAAR Properties. They are a perfect place for singletons, small families, and groups. The building has four floors of parking, gyms, two swimming pools, and sports and spa facilities.
Additionally, it comes with a 24-hour concierge service, enabling the owner to obtain assistance anytime. The pets are welcome – another reason Downtown Dubai is often referred to as one of the pet-friendly communities in the city.
Renting an apartment in the Residences can be expensive or cheap, depending on the apartment. For example, the 1-bed units rent for about 108k per year. However, the 2-bedroom flats are more expensive and go for about 191k on average. If you’d like an idea of the layouts, check out the floor plans for The Residences.
Villas for Rent in Downtown Dubai
Although there are few options, you can rent a villa in downtown Dubai or rent a residence or a podium villa at the Southridge tower for those looking to live in the waterfront community.
Looking for more options? If you are looking for more opportunities, consider the top villa communities in Dubai, such as Mirdif Arabian Ranches & Al Barsha.
Frequently asked questions about an apartment for rent in downtown Dubai.
There are many reasons why downtown Dubai is one of the most popular places to live in the city, for instance, its luxury properties and state-of-the-art facilities you can expect from a central location like this.
It is a list of some of the most popular places where you can rent studio apartments in Downtown Dubai including Boulevard 29, The Address, The BLVD, and more.
The property market reports show that Downtown has consistently been ranked among the top areas in the city for upscale apartments for rent in downtown Dubai, which are often more expensive than the other areas in the city.
