Rera rent index 2013 update: Greens’ apartments higher than Marina, Downtown Dubai

Prices for one-bed apartment in Discovery Gardens at Dh35,000-45,000 pa

It’s official. Rentals of apartments in The Greens rose the highest, outperforming Dubai Marina and Downtown Dubai, the two communities that saw the highest transaction activity and price increases last year.

Dubai’s Real Estate Regulatory Agency’s (Rera) latest rent index update for 2013 reveals that the cost of renting a studio, one- and two-bed apartment in The Greens, a community developed and managed by Emaar Properties, jumped by 22 per cent, 15 per cent and 28 per cent, respectively.

The index, which is updated thrice a year, puts current rents for studios between Dh45,000 and Dh55,000 per annum compared to Dh35,000 to Dh55,000 stated in 2012’s last index update.

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