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Dubai’s Cheapest and Costliest Apartments: What first rent index of 2014 reveals

OLYMPUS DIGITAL CAMERARents across Dubai’s major master communities have risen by 8-20%

Rents across Dubai’s major master communities have risen by 8 to 20 per cent in the first rental index update of 2014 compared to the last rent index of 2013, Emirates 24|7 can reveal.

The index is updated by Real Estate Regulatory Agency (Rera), the regulatory arm of Dubai Land Department, every four months.

Lease rates for studios in International City, Dubai Investment Park and Discovery Gardens have gone up by 16 to 20 per cent in the new index compared to the final update of 2013.

Studio rents in International City now range between Dh30,000 to Dh35,000 per annum, while rents for studios in Dubai Investment Park, Dubai Silicon Oasis and Discovery Gardens are currently between Dh25,000 and Dh35,000 pa, Dh35,000 and Dh40,000 pa and Dh40,000 to Dh45,000 pa, respectively.

Continue to read story in Emirates 24/7

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