According to the Knight Frank consulting company, prices are expected to rise...
Dubai demonstrates a high demand for residential real estate rentals, including in the luxury housing market. The rental value of residential real estate in Dubai is growing — in 2022, the price of renting a villa in Dubai increased by 25.7%, reaching an average of $74,500 per year. In this article we will look at the top 3 areas with the highest prices for renting a villa in Dubai.
Al Barari
Al Barari is a closed community with an area of 1.67 sq. km with premium villas, the construction of which began in 2007. The community is one of the greenest areas of the Emirate: 60% of the territory is occupied by natural lakes, landscaped gardens and other plantings.
The community includes not only villas, but also apartment complexes, the Body Language Health club, The Farm restaurant and other premium amenities. At the same time, Al Barari can be reached from Dubai International Airport in 25 minutes.
The average cost of renting a villa in the community reaches $260.300. The return on investment for 4-bedroom villas in Al Barari is 4.5%, and for a residence with 7 bedrooms — 5.2%.
Among the most popular subcommunities in Al Barari are Seventh Heaven, Ashjar, The Nest and Bromellia. In the first of the presented projects, apartments are offered, and in the rest — complexes consisting of villas. Al Barari has covered parking spaces or garages, and outdoor parking areas have been created for guests of the complex.
Palm Jumeirah
The man—made Palm Jumeirah Island is one of the iconic places of Dubai. Buying or renting a property here is an ideal choice for those who want to enjoy a luxurious lifestyle in close proximity to the coast of the Arabian Gulf. Palm Jumeirah offers a wide selection of villas, townhouses, apartments, hotels and entertainment venues.
The average price for renting a villa in the area is $260.000 per year. The return on investment for a 4—bedroom villa here is 3.7%, and for 1 and 2-bedroom villas – 5.3%.
Among the most popular Palm Jumeirah communities consisting of villas are Garden Homes and Signature Villas. Dubai Marina is a 10-minute drive away, while Business Bay and Downtown Dubai are a 20-minute drive away. Nakheel Mall is located on Palm Jumeirah with more than 140 shops, 30 restaurants, VOX Cinemas, Trampo Extreme and FabyLand entertainment centers, etc.
Emirates Hills
Emirates Hills is one of the first districts located in the freehold zone of Dubai. The acquisition of residential real estate in full ownership is available here for foreign citizens. The community Master plan from Emaar Properties offers an abundance of green landscaped areas and a location around Montgomerie Golf Club.
The average rental price of a villa in Emirates Hills is from $247,200. Investors wishing to purchase real estate in the represented community will be able to receive a stable income due to the fact that the level of return on investment here reaches 3.8% for 5-bedroom villas.
Future residents can choose luxury villas with 3-8 bedrooms, which have private pools, terraces, spacious kitchens and living rooms, staff rooms, offices, storerooms, at least 2 parking spaces and other amenities, which depend on the layout of the residences. Emirates Hills is a community where you can live with pets. There are special parks for pets.
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