JUMEIRAH VILLAGE CIRCLE: Since the beginning of 2020, Dubai rents have dropped 13 per cent for apartments and 10 per cent for villas.
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DUBAI INTERNATIONAL CITY: Real estate industry professionals said a further fall in rents towards the end of this year is likely as the market is awash with supply of residential units.
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TOWN SQUARE DUBAI: It is one of the most affordable areas for rent right now in Dubai as new residential units enter the rental market, which could pile up pressure on rental values.
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DUBAI SOUTH: Rents for residential apartments have fallen across the board in 2020.
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JUMEIRAH VILLAGE CIRCLE: Good value for money for residents looking to save on rent in a low-rise, quiet neighborhood.
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TOWN SQUARE DUBAI: In this district, a two-bedroom apartment typically rented for Dh55,000 to Dh58,000 per annum, has dropped to Dh40,000 to Dh47,000. Three-bedroom apartments were renting from Dh68,000 to Dh72,000. Now they are going for Dh62,000 to Dh64,000 per annum, according to Sana Faisal, a realty agent with Indus Real Estate.
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DUBAILAND: Rents for residential apartments have fallen across the board in Dubai this 2020. Property professionals expect a further decline until the end of the year.
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DUBAI SPORTS CITY. It's not just for fitness fanatics, but also for people looking to save on rent. Dubai Sports City and Dubailand are two areas that saw rental declines this 2020 greater than 13 per cent, the average drop for apartment leases this year across the city so far.
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JUMEIRAH VILLAGE CIRCLE: The main reason behind the drop in rental values is not entirely the coronavirus pandemic, but rather an over-supply situation.
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AL BARSHA SOUTH: On average, villa rents in Dubai have fallen 10% year on year (June 2019 vs June 2020) and 13% for apartments from the beginning of this year (Jan 2020 vs June 2020).
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DUBAI INTERNATIONAL MEDIA PRODUCTION ZONE: A residential building complex at Dubai's IMPZ, where rents have dropped by at least 13% from January to June 2020,
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DUBAI SPORTS CITY: Residential buildings rising. The supply of an additional 16,400 ready residential units is expected to enter the rental market, likely pushing rents down further, according to Asteco.
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