How much does it cost to live in a suburb in Dubai?
Compare these prices with rental prices of AED 65,000 – 80,000 for a studio or AED 95,000 – 115,000 for a one bedroom in Downtown Dubai.
|
Location
|
Studio Rent
(AED)
|
1-Bed Rent
(AED)
|
|
Arjaan
|
30,000
|
35,000
|
|
Dubailand
Residences
|
35,000
|
45,000
|
|
Dubai
Investments Park
|
25,000
|
40,000
|
|
Dubai
Silicon Oasis
|
35,000
|
50,000
|
|
Dubai
Sports City
|
40,000
|
60,000
|
|
International
Media Production Zone (IMPZ)
|
30,000
|
50,000
|
|
Jumeirah
Village Circle
|
40,000
|
55,000
|
|
Remraan
|
40,000
|
45,000
|
Source:
Dubai Land Department, Khaleej Times (December, 2016)
|
Location
|
Pros
|
Cons
|
|
Arjaan
|
· Nearby
to My City Centre mall
· Easy
access to five schools
· Access
to MBZ Road and Umm Suqeim Street
· A large
medical hospital is coming up.
|
· Work in
progress with lot of construction going on
· No bus
transportation for now
· Not
many streetlights in this community
|
|
Dubai
Silicon Oasis
|
· Good
selection of apartments and villas
· Family-friendly
community
· Bus
links to Rashidya Metro Station
· Easy
links to MBZ Road, proximity to Dubai International Airport
· Good
selection of small shops and convenience stores, Gems School in vicinity.
|
· Rents
higher than some of the other new areas
· Limited
two-bedroom stock
· Access
at peak times can be challenging
|
|
Dubai Sports
City
|
· Suitable
for families with affordable apartments
· Gems
school in vicinity
· Good
bus connectivity to MBZ road and Hessa Street
|
· Making
your way home through the crowds can be an ordeal when the cricket stadium is
in use
· Possibility
of higher chiller costs
|
|
International
Media Production Zone (IMPZ)
|
· Affordable
housing, close to city Centre Me’aisem
· Includes a lake
· Has a
regular bus service
· Easy
access to Mohammed bin Zayed Road
|
· IMPZ is
still an under construction location
· Largely
occupied by small families, bachelors and couples only
|
|
Jumeirah
Village Circle
|
· Affordable
low-rise apartments, easy access to Hessa Street and Al Khail Road
· Open
green spaces
· Ideal
for families
· Wide
inventory of apartments, townhouses and villas
|
· Still
predominantly under construction
· Local
companies use several buildings as bachelor accommodations
|
A lot has been discussed
and published on the rent and real estate prices in Dubai's more established
communities, including Dubai Marina, Downtown, the Palm Jumeirah, Discovery
Gardens and Jumeirah Lakes Towers.
However for residents
looking for alternative rental options, here is a round up of Dubai's
up-and-coming communities that are emerging with respect to infrastructure,
facilities and amenities.
The truth is that these
communities are not completely developed and occupied as yet means they offer
relatively cheaper homes. Finding homes in these communities will offer tenants
the first-mover advantage (you may be spoiled with choice, like getting to
choose what you want like maybe a corner house, one facing the garden, etc.)
and lock in on lower rents before they appreciate in anticipation of Expo 2020.
It is to be noted that transaction
activity and delivered stock in 2016 indicate a major push towards peripheral
residential districts. Dubailand, Jumeirah Village and Dubai Silicon Oasis
account for 45 per cent of the total delivered stock in the year. Also in 2017,
most new units are expected to come up in the areas of Dubailand, Dubai Silicon
Oasis and Dubai Sports City.
Suburban communities like
Jumeirah Village Circle, Dubai Sports City and Dubailand Residences achieved
growth in rents in 2016, substantiating the fact that there is a strong demand.
The Dubailand Residence Complex, Arjaan, Remraan, International Media
Production Zone (IMPZ), Dubai Sports City, Jumeirah Village Circle (JVC), Dubai
Silicon Oasis and Dubai Investments Park are select up-and-coming communities
in Dubai where tenants don't have to pay a fortune in rent, but still find most
facilities at affordable prices.
