Property Rent Is Bottoming Out In Dubai And Here Are The 5 Cheapest Areas To Live
Dubai rent has seen a decrease this past year, especially on luxury units. This has increased demand for smaller units such as studios and 1-bed room apartments.
Rent is said to stabilise by the end of 2017. 28,000 new units are scheduled for completion by the end of the year. This may mean rent will start going back up by beginning of 2018.
Here are the cheapest areas to live for this year:
5. JVC
With studio rent ranging between 40,000-55,000 and 1-bed room up to 85,000.
4. Remraam
Rent for 2-bed room apartments starting at 75,000.
3. Dubailand Residence
Prices from 36,000!
2. Dubai Silicon Oasis
2-bed room rent staring at 75,000.
1. International City
It’s coming up as the cheapest for studios, 1-bed room and 2-bed room apartments.