State of the
art infrastructure facilities, luxury accommodation, numerous business and job
opportunities, zero taxes and negligible crime rate have made Dubai a most preferred
choice among second home seekers and job seekers. Whether, you are thinking to settle down in
another country as your second home or you want to improve your standard of
living by working abroad, Dubai can efficiently execute your needs. The second
largest emirate has transformed itself from a small fishing village into a
business and trade hub in Middle East. Although, global economic recession of
year 2008 badly hit Emirate’s economy, it has regained its momentum. Property
prices and rental rates have been recovered and if you are thinking to avail
this profit earning opportunity this is the right time. Real estate investors
can make good profits after investing in Dubai rental hot spots.
What are the main features of rental
hot spots in Dubai?
Dubai rental
hot spots are define as residential communities that are located on the prime
positions in the city. Well connected with major areas of the city provide easy
access to city center. In order to become a residential hot spot in Dubai,
neighborhood must provide good educational, shopping and entertainment
facilities for its residents along with comfortable accommodation. Proximity to
major super markets, metro stations and beach is important feature a rental
hotspot must have. Such ultra modern communities are capable to attract everyone
from local residents to second home seekers and migrant workers. In addition to these modern life amenities, rental
hot spots also offer excellent security for residents and travelers visiting
these communities. Rental hot spots are not only capable to execute diverse
accommodation needs rather they also provide good business facilities for entrepreneurs.
As they also provide easy access to city business centers.
Famous Rental Hot Spots in Dubai for
Year 2013
Residential real estate sector of Dubai mainly provides two
major types of accommodation options for migrants. Accommodation options
include Apartments and Villa Communities. Again Dubai apartments can further
subdivided in to various types like studio apartment, hotel apartments and
conventional 1-2 or 3 Bedroom apartments. These apartments are very popular
among foreigners as they are bit affordable as compared to Dubai villas. Villas
are more popular among local residents. Below is the list of famous rental hot
spots with rent rate in Dubai for year 2013.
Dubai apartment
rental hotspots
- The Greens by Emaar, with highest rise in rent 28% for 2 bed apartment, 22% for studios and 15% for one bed apartments. Studio and one bed apartments in the same project can be rented on AED45,000 to AED55,000 pa and AED55,000 to AED75,000 pa respectively.
- Dubai Marina has displayed 18%, percentage rise in rent rate for two bed apartments
- Downtown Dubai has secured third position, with percentage rise of total 16% in rent rate for two bed apartments.
Dubai Villa rental hotspots
- Arabian Ranches has remained on top position with rental hike of 22% in villa rental rate. 3-bed villa rents starts from AED130,000 to AED220,000 per annum whereas four bed villa rents ranges AED170,000 and AED270,000 pa
- Jumeirah Islands is known for its luxury lifestyle. It has been showing percentage rise of 6.4% for villa units of 3-4 bedrooms. Four bed villas are available AED280,000 to AED330,000 pa, whereas three bed units can be rented on AED240,000 to AED300,000 pa.
- Palm Jumeirah has also become the most costly villa community with highest rent rate between AED300,000 and AED400,000 per annum for four bed villa units.
It has been observed that well developed communities in
Dubai that are capable to provide daily life amenities like health,
education, shopping and leisure activities along with strong infrastructure
facilities have good potential to become rental hot spot in Dubai.
