Do you want to rent an apartment in Bur Dubai, Deira or Palm Jumeirah? If YES, here is exactly how much it cost to rent an apartment in Dubai.
When moving to Dubai, or even when going for an elongated stay, one of the uppermost things on your mind should be getting a place to lay your head. This is a basic need to sort out if you do not want to be stranded on arrival, and if you do not want to start spending money on hotels.
Dubai, just like most other countries have something for everyone as far as accommodation is concerned. There are different ranges of neighborhoods in the different cities that dot the landscape of Dubai, and each cater to a certain target group based on their budgets and requirements.
What Does It Take to Pay Rent in Dubai?
Rents in Dubai are usually paid with the use of post-dated cheques. A lot of landlords would not mind if you split the yearly payments into two, or even four installments. This can vary though, depending on the agreement you sign with your landlord.
However, remember that you can negotiate on this basis when renting an apartment. Many landlords will agree to reduce the rent price is you agree to pay a year’s rent in advance.
When you rent a property in Dubai, you should note that you may have to pay a fee to your real estate agent. Even though there is no fixed amount set by law, but you can expect to pay around 5% of the total lease cost. In addition to the basic rent and the agent’s fee, tenants also have to pay a security deposit of 5% of the total rent.
Although this deposit is refundable, the landlord can use this amount to pay for any repairs needed to restore the property to the state it was in when it was rented out to you.
Another thing you have to keep in mind is that you will also have to register your tenancy contract with Ejari, which is going to cost you AED 160. To set up your DEWA (Dubai Electricity and Water Authority) account, you will also have to pay a refundable deposit between AED 1,000 and AED 2,000 for an apartment, and a deposit of AED 2,000 to AED 4,000 for a villa.
Keep in mind that if you are moving to Dubai from abroad, you need to get quotes from international movers in Dubai at least two weeks before you move, so they can help you. If you are planning to move to Dubai anytime soon, we are going to bring you an estimate of what it costs to rent an apartment in Bur Dubai, Jumeirah and Deira City.
Cost to Rent an Apartment in Different Cities in Dubai
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Bur Dubai
Bur Dubai is a historic district in Dubai, United Arab Emirates, located on the western side of the Dubai Creek. The name literally translates to Mainland Dubai, a reference to the traditional separation of the Bur Dubai area from Deira by the Dubai Creek.
This is because Bur Dubai historically consisted of all districts between the western bank of the Creek and Jumeirah. The Ruler’s Court is located in the district adjacent to the Grand Mosque.
Bur Dubai is one of the oldest towns in Dubai, and it generally consists of both new and old buildings. This then means that the rents can vary based on the condition of the building and how old it is. This area is also densely populated and this fact can also affect the cost of housing in the area.
Putting everything into consideration, renting an apartment in Bur Dubai can cost you anywhere from 45,000 to 110,000 AED per year. This of course depends on the neighbourhood and the building in question.
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Jumeirah
Jumeirah is one of the highbrow areas in Dubai, and this area is usually reserved for people who have the money to spend.
Jumeirah is a very family-friendly neighbourhood with its parks, lakes and serenity. It equally offers great access to amenities and the beach, also making it well-suited for families. Apartments in this area can cost anywhere from 90,000 to 500,000 AED per year.
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Deira city
Deira city is one of the most affordable areas in Dubai because it is an inner city. The city is also potentially old, so it has a mix of both the old and new. But one good thing about Deira city is that someone with a low income can get a comfortable living area in this city and at an affordable cost. Apartment rental in Deira is generally between 20,000 to 78,000 AED per year.