- Areas for Renting Luxury Properties in Dubai
- Areas for Renting Mid-Tier Properties in Dubai
- Areas for Renting Affordable Properties in Dubai
Dubai’s real estate market is growing fast and matches the city’s exciting lifestyle. People from all over the world come to Dubai for a modern living experience and better opportunities. New developments have made the city more attractive to investors, leading many people to look for rental properties and make Dubai their home. Throughout 2024, the city’s rental sector has witnessed a significant surge in property transactions.
In addition to dubizzle market trends, Data from dubizzle and the Dubai Land Department (DLD) highlights key trends and shifts in demand, with various neighbourhoods witnessing significant interest from tenants. Dubai’s rental market continues to shine as a cornerstone of the city’s thriving real estate sector. Cementing its global appeal, Dubai’s property market experienced robust growth in 2024, with residential rent transactions totalling an impressive AED 79.4 billion across 1.08 million transactions.
Many areas have seen an upward trajectory in the annual rent owing to several infrastructural developments like road expansion. Similarly, the Dubai government has announced the Metro Blue Line, which includes 14 stations across the emirate. It is expected to greatly improve connectivity, potentially increasing demand for rental properties in several areas.
Moreover, the growing influx of tourists, with Dubai welcoming 16.79 million international visitors during the first 11 months of 2024, has had a noticeable impact on the emirate’s real estate market. This surge in tourism has contributed positively to increasing rental trends, driven by heightened demand for short-term and long-term accommodation options catering to both visitors and residents.
Let’s look at the key takeaways to clearly understand varying trends across various market segments. We have split the areas into luxury, mid-tier and affordable categories for a better understanding.
- Overall, yearly rent for luxury apartments has increased by 2.4%, while villas have seen a 12.6% surge in 2024.
- For luxury villas, Al Barsha and Jumeirah have attained the closest attention, with an overall increase in average yearly rent of 13.54% and 8.31%, respectively.
- The average yearly rent for luxury houses has ranged from AED 436k to AED 1.50M.
- For luxury flats, tenants have opted for Dubai Marina and Downtown Dubai. In 2024, these areas have recorded an average annual rent of AED 145k and AED 213k.
- Deira, followed by International City, has remained a preferred choice among tenants for affordable apartments.
- Apartments in the affordable category have noted an average asking rent ranging between AED 66k in Deira to AED 52k in Al Qusais.
- The average yearly rent for affordable villas has ranged from AED 115k in DAMAC Hills 2 to AED 154k in Deira.
- As for the apartments in the mid-tier property segment, Jumeirah Village Circle (JVC) and Business Bay have garnered the tenant’s attention.
- The average yearly rent of mid-tier villas has been recorded between AED 207k in JVC and AED 393k in Nad Al Sheba.
Throughout 2024, Dubai’s real estate market has made massive strides. Rental properties have seen a surge in demand, thanks to the city’s packed global calendar, bringing in a host of visitors. Moreover, the strict implementation of RERA rental laws has affirmed the trust of all stakeholders, making the city’s property sector more streamlined.
POPULAR AREAS FOR RENTING LUXURY PROPERTIES IN DUBAI
2024 has been a great year for Dubai’s real estate market, with rental trends seeing an upward trajectory. Luxury properties have been a preferred choice among tenants in the city, as per dubizzle real estate rental trends.
Luxury apartments in the megacity have witnessed an increase of 2.42% in the average asking rent. Meanwhile, the average yearly rent for luxury villas has increased by 12.60% in 2024.
POPULAR LUXURY AREAS IN 2024 TO RENT APARTMENTS IN DUBAI
POPULAR AREAS | TRANSACTION PRICE Avg. Yearly RentChange from 2023 | 1-BED Avg. Yearly RentChange from 2023 | 2-BED Avg. Yearly RentChange from 2023 | 3-BED Avg. Yearly RentChange from 2023 |
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| Dubai Marina | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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| Downtown Dubai | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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| Dubai Creek Harbour | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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| Jumeirah Beach Residence (JBR) | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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| Palm Jumeirah | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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Luxury apartments have been a hit among Dubai tenants in 2024. The different apartment types make for a comfortable living space; they are comparatively low-maintenance and cater well to small families and individuals.
In 2024, the rental flats in Dubai in the luxury segment have seen an upward trend in the asking rent. For studio, 1 and 2-bed flats, the average asking rent has increased by 3.79%, 2.55% and 1.74%, respectively.
Let’s take a look at the top neighbourhoods which have spiked the tenants’ interest in luxury apartments in Dubai.
Dubai Marina
Dubai Marina has continued to garner the tenants’ attention in 2024. The area is home to luxurious apartments, surrounded by state-of-the-art amenities that offer a prime living experience.
As per dubizzle search trends, the average rent per annum for luxury apartments in Dubai Marina has been recorded at AED 145k after a dip of 2.03%.
- The average asking rent for 2 and 3-bed flats in Dubai Marina has observed an uptick of 1.83% and 2.71%, respectively.
- The average annual rent for 1-bed flats has been recorded at AED 108k. As for 2 and 3-bed flats, their average yearly rent stood at AED 167k and AED 265k, respectively.
- According to the DLD transaction data, the average annual rent for apartments in this luxury neighbourhood has increased considerably by 11.3%.
Downtown Dubai
Downtown Dubai is another popular choice among luxury apartment seekers. Home to the iconic Burj Khalifa, the bustling neighbourhood experiences an influx of tourists, tenants and investors, which is reflected in its property value.
In line with dubizzle real estate rental trends, the average rent for Downtown Dubai has observed an increase of 0.47%. In 2024, the annual rent in the area has been recorded at AED 213k.
- There has been an increase of 3.01% in average yearly rent for 1-bed apartments. On the flip side, the 2 and 3-bed apartments in Downtown Dubai have observed a drop of 2.12% and 8.17%, respectively, in the average annual rent.
- The rent per annum has averaged AED 137k for 1-bed flats. However, the average yearly rent for 2 and 3-bed apartments in the area has been recorded at AED 231k and AED 382k, respectively.
- According to the data provided by DLD, the average asking rent of flats in Downtown Dubai has soared by 15.4%.
Dubai Creek Harbour
Dubai Creek Harbour is another favoured choice for those seeking luxury flats. The self-contained community offers a modern living experience with many high-end amenities. It also boasts a well-built road network. Additionally, the Dubai Blue Line Metro features a station at Dubai Creek Harbour, potentially increasing rental property demand.
The average asking rent for luxury flats in Dubai Creek Harbour has surged by 20.14%.
- The average annual rent of 1,2 and 3-bed apartments has increased significantly by 11.76%, 21.92% and 18.81%, respectively.
- The average rent has increased to AED 114k, AED 178k and AED 259k for 1, 2 and 3-bed apartments, respectively.
- The average yearly rent of apartments in Dubai Creek Harbour has shown an uptick of 12.58%, as per DLD data.
Jumeirah Beach Residence (JBR) and Palm Jumeirah have also emerged as top choices for luxury apartments in the megacity. The average annual rent of apartments in JBR has increased by 2.22%, bringing the average yearly rent to AED 184k. As for the luxury flats for rent in Palm Jumeirah, their average yearly rent has amounted to AED 220k in 2024.
POPULAR LUXURY AREAS IN 2024 TO RENT VILLAS IN DUBAI
POPULAR AREAS | TRANSACTION PRICE Avg. Yearly RentChange from 2023 | 4-BED Avg. Yearly RentChange from 2023 | 5-BED Avg. Yearly RentChange from 2023 | 6-BED Avg. Yearly RentChange from 2023 |
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| Al Barsha | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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| Jumeirah | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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| Dubai Hills Estate | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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| Umm Suqeim | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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| Palm Jumeirah | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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Luxury villas in Dubai have also been a favourable pick among tenants. The average yearly rent of villas in the luxury segment has shown an upward trajectory in 2024. In contrast to 2023, the average yearly rent for 4, 5 and 5-bed villas has notably increased by 6.19%, 11.56% and 12.71%, respectively in 2024.
Here are the top luxury areas for rental villas in Dubai, as per the trends on dubizzle.
Al Barsha
The first spot among luxury areas to rent a villa in Dubai has been taken by Al Barsha. The area has risen to the top spot with an average yearly rent of AED 436k after a 13.54% rise. New residential property launches, state-of-the-art amenities and tourist attractions such as the Dubai Miracle Garden have added to the interest of consumers.
- The rent for 5 and 6-bed villas have averaged AED 430k and AED 606k, respectively. For 4-bed villas, the average annual rent has been recorded at AED 313k.
- The transaction data provided by DLD shows an overall increase of 7.41% in the average rent of villas in Al Barsha.
Jumeirah
Jumeirah holds the top position for luxury villas in Dubai, according to the rental property search trends observed on dubizzle. The area is known for its coastal views, amenities and sandy beaches. Also, Jumeirah is near the famous Burj Al Khalifa, one of the key attractions in Dubai. As for the overall rent for villas, it has amounted to AED 417k, after a 8.31% increase in 2024.
- For 4 and 5-bed villas, the average annual rent has increased by 0.81% and 4.13%, respectively.
- The average yearly rent of 4, 5 and 6-bedroom villas has risen to AED 372k, AED 429k and AED 852k.
- The DLD data provided for villas in Jumeirah has shown an upward trend of 12.09% in average yearly rent.
Dubai Hills Estate
Next on our list is Dubai Hills Estate, a master-plan development of commercial and residential properties. Located in the heart of Dubai, this area offers hassle-free access to the rest of the city and has many amenities such as jogging tracks and gardens.
Moreover, Dubai Hills Estate has attained the third top spot with an average yearly rent amounting to AED 410k after a notable 12.64% increase.
- The average annual rent of 4, 5 and 6-bed villas has seen an uptick of 9.06%, 5.36% and 7.54%, respectively.
- On average, tenants have paid AED 349k, AED 413k and AED 1.80M annually, for 4, 5 and 6-bed villas in Dubai Hills Estate.
- According to the DLD data, the rental houses in the area have experienced a notable uptick of 15.4%.
Umm Suqeim and Palm Jumeirah have secured the fourth and fifth spots on our list. The average yearly rent for luxury houses in Umm Suqeim has amounted to AED 394k after a 12.25% jump. Meanwhile, in Palm Jumeirah, the average rent per annum has gone up by 13.67%, bringing the rent to AED 1.50M.
POPULAR AREAS FOR RENTING MID-TIER PROPERTIES IN DUBAI
Dubai welcomes tenants from all walks of life and its real estate offerings see to that. Apart from affordable and luxury properties, mid-tier apartments and villas are a sound choice for those who want a balance between affordability and value.
Many areas of the megacity offer rental homes and flats in this segment, a plus for tenants. The apartments in this category have experienced a 16.96% surge in average yearly rent. As for villas, their average annual rent has increased by 18.33%.
POPULAR MID-TIER AREAS IN 2024 TO RENT APARTMENTS IN DUBAI
POPULAR AREAS | TRANSACTION PRICE Avg. Yearly RentChange from 2023 | STUDIO Avg. Yearly RentChange from 2023 | 1-BED Avg. Yearly RentChange from 2023 | 2-BED Avg. Yearly RentChange from 2023 |
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| Jumeirah Village Circle (JVC) | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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| Business Bay | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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| Jumeirah Lake Towers (JLT) | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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| Al Barsha | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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| Al Furjan | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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Apartments have been a tenant-favourite in Dubai for a long time. In the mid-tier category, the average annual rent of studio, 1 and 2-bed flats has increased by 11.76%, 15.28% and 15.53%, respectively.
Here are the top areas that tenants prefer for mid-tier apartments in Dubai.
Jumeirah Village Circle (JVC)
Jumeirah Village Circle is one of the most sought-after spots for renting apartments. It is a freehold property area in Dubai divided into 18 districts. Significant upgrades to key thoroughfares, such as Al Khail Road Development Project, aim to reduce traffic congestion and travel time, subsequently increasing rent in the area. For instance, apartments in JVC have seen a notable 20% increase in average yearly rent. The average annual rent has now jumped to AED 78k in 2024.
- The average annual rent for studio, 1 and 2-bed flats has increased by 13.33%, 13.85% and 20.88%, respectively.
- In 2024, the average rent has been AED 51k, AED 74k and AED 110k for studio, 1 and 2-bed apartments, respectively.
- Moreover, according to DLD, the average rent of flats in the area has been increased by 14.7%.
Business Bay
Business Bay has emerged as another favoured choice for those seeking flats in the megacity. The financial district is well-connected to the rest of the city. It houses several commercial buildings and boasts a well-built road network.
Speaking of apartments in Business Bay, their average asking rent has been recorded at AED 122k in 2024 with an uptick of 7.02% due to seamless connectivity expected by Al Khail Road Development Project.
- The average annual rent of studio, 1 and 2-bed apartments has increased by 8.57%, 11.96% and 7.09%, respectively.
- The average yearly rent has increased to AED 76k, AED 103k and AED 151k for studio, 1 and 2-bed apartments, respectively.
- The average rent per annum of apartments in Business Bay has shown an uptick of 11.2%, as per DLD data.
Jumeirah Lake Towers (JLT)
Jumeirah Lake Towers is a high-rise apartment haven in Dubai. It also houses a plethora of amenities and is divided into 26 clusters. The community is well-connected to the main networks of the city such as the Sheikh Zayed Road. Moreover, many new residential projects in JLT such as W Residences and MBL Royal have added to the positive rental trends.
As for the apartments in this area, they have shown a 10.75% increase in average rent per annum. On average, the rent has now amounted to AED 103k in 2024.
- The average annual rent for studio, 1 and 2-bed apartments has observed an increase of 14.29%, 16.05% and 10.83%, respectively.
- The average annual rent for studio apartments in the area has reached AED 64k in 2024. Meanwhile, the average rent for 1 and 2-bed apartments has increased to AED 94k and AED 133k, respectively.
- As per DLD, the average rent for apartments in JLT has shown an upward trend of 14.4%.
Al Barsha has garnered the fourth position on our list. The average annual rent of apartments in this neighbourhood has surged by 30.56%, amounting to AED 94k in 2024. Coming in fifth, Al Furjan has become another favourite for renting mid-tier flats in Dubai. On average, tenants have paid AED 72k annually for rental apartments in Al Furjan after a 26.32% surge. In Al Furjan, the rent grew significantly in Murooj Al Furjan, while Quortaj saw a 35% decrease.
POPULAR MID-TIER AREAS IN 2024 TO RENT VILLAS IN DUBAI
POPULAR AREAS | TRANSACTION PRICE Avg. Yearly RentChange from 2023 | 3-BED Avg. Yearly RentChange from 2023 | 4-BED Avg. Yearly RentChange from 2023 | 5-BED Avg. Yearly RentChange from 2023 |
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| Jumeirah Village Circle (JVC) | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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| Town Square | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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| Reem | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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| Al Furjan | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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| Nad Al Sheba | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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Villas in the mid-tier category have also remained on the tenants’ radar in 2024. The average yearly rent of these houses has seen an upward trend, adding to their popularity. Let’s take a look at the top areas for renting such houses in the city.
Jumeirah Village Circle (JVC)
JVC is a sound option for those who want a home in Dubai and enjoy a comfortable lifestyle. The area has more than 2,000 residential units, which cater to a wide audience of tenants. Moreover, tonnes of facilities such as top schools in and near JVC have spiked the tenants’ interest.
The average yearly rent of villas in the community has risen by 20.35%, amounting to AED 207k per year. The communities with significant rent increases in JVC have included Circle Villas, JVC District 16 and JVC District 18.
- For 3, 4 and 5-bedroom villas, the average yearly rent has witnessed an increase of 15.92%, 20.57% and 27.03%, respectively.
- The average annual rent has risen to AED 182k, AED 211k and AED 235k for 3, 4 and 5-bedroom villas in JVC, respectively.
- As per DLD transaction data, a notable increase of 16.7% has been recorded in the average rent per annum of villas.
Town Square
Town Square has also been a hit among home seekers in Dubai. The area is well-served by basic facilities such as hospitals and nurseries. It is also linked to the famous Al Qudra cycling track. As for the rental villas in Town Square, they have shown an upward trend of 4.58%. The average yearly rent has been increased to AED 160k.
- Property owners have increased the average annual rent by 0.68% and 7.43% for 3 and 4-bedroom villas, respectively.
- Following the upward trend, the average have been AED 149k and AED 188k for 3 and 4-bedroom villas, respectively.
- According to DLD transaction data, the houses in Town Square have seen a surge of 14.4% in the average rent per year.
Reem
Reem is a mega-project by Emaar Properties in Dubai, offering a quaint living experience. It is divided into sub-communities and has tonnes of conveniences such as jogging tracks to cater to a well-rounded lifestyle. Moreover, the average yearly rent of villas in Reem has seen an increase of 0.55% in 2024, reaching AED 183k.
- The average annual rent for 3-bed houses has increased by 4.85%. On the other hand, the 4-bed houses have noticed a dip of 2.39%.
- The average annual rent has been recorded at AED 173k and AED 204k for 3 and 4-bedroom villas in Reem.
- As per the DLD data, there has been an increase of 14.40% in the average annual rent of villas.
Al Furjan and Nad Al Sheba have ranked fourth and fifth on the list. The average annual rent for villas in Al Furjan has soared to AED 323k, boasting a 25.19% increase. This significant rise is primarily due to Al Furjan’s strategic location near major highways and family-friendly environment. Meanwhile, Nad Al Sheba has offered villas with an average rent of AED 393k per year.
POPULAR AREAS FOR RENTING AFFORDABLE PROPERTIES IN DUBAI
Affordable properties in Dubai remain a popular choice for both tenants and buyers, with rental trends showing steady growth in 2024. The average annual rent for affordable apartments has risen by 10.62%. Meanwhile, the average yearly rent for affordable villas in Dubai has upscaled by 18.43%.
Let’s explore the top areas for renting a property in Dubai in the affordable segment and how they have fared in 2024.
POPULAR AFFORDABLE AREAS IN 2024 TO RENT APARTMENTS IN DUBAI
POPULAR AREAS | TRANSACTION PRICE Avg. Yearly RentChange from 2023 | STUDIO Avg. Yearly RentChange from 2023 | 1-BED Avg. Yearly RentChange from 2023 | 2-BED Avg. Yearly RentChange from 2023 |
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| Deira | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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| International City | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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| Al Nahda (Dubai) | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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| Bur Dubai | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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| Al Qusais | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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Many tenants prefer living in an apartment due to several reasons, such as low maintenance costs and readily available communal arrangements. In Dubai, there are plenty of neighbourhoods that comprise budget-friendly apartments, catering to a myriad of preferences. In 2024, the average rent per annum of affordable flats has risen by a fair margin.
The average yearly rent for studio, 1 and 2-bed flats has soared by 16.67%, 20.93% and 18.33%, respectively.
Deira
Deira is a top choice when it comes to affordable flats in Dubai. As one of the city’s oldest areas, it carries the legacy of simpler times while offering a modern living experience. Moreover, Gold Souks in Deira preserve the rich UAE culture, making the area a must-visit tourist spot.
As for the flats in this neighbourhood, they have soared by 15.79%, bringing the average asking rent to AED 66k.
- The average rent per annum for 1 and 2-bed flats has increased by 19.57% and 22.39%, respectively.
- The average yearly rent has amounted to AED 30k, AED 55k and AED 82k for studio, 1 and 2-bed apartments, respectively.
- Moreover, based on the data transactions by DLD, the average yearly rent of flats in the area has increased by 10.2%.
International City
International City has also remained the main focus of apartment seekers in Dubai. As a mega-project by Nakheel Properties, the community offers many residential properties and is near other areas. The addition of the Dubai Blue Line Metro station at International City will improve connectivity, making the area more accessible for daily commuters.
The average asking rent of flats in International City has surged by 30.30%. After this massive shift, the average rent per annum for flats has been recorded at AED 43k. All clusters and communities in International City saw a rent increase of 25-35%. This surge is due to the Dubai Metro Blue Line, which has improved transport and made the area more popular.
- The average annual rent for studio, 1 and 2-bed apartments has observed an uptick of 32%, 31.43% and 19.23%, respectively.
- The average asking rent for studio apartments in the area has reached AED 33k in 2024. Meanwhile, the average annual rent for 1 and 2-bed apartments has increased to AED 46k and AED 62k, respectively.
- As per DLD, the average rent for affordable apartments in International City has undergone a notable increase of 12.1%.
Al Nahda (Dubai)
Al Nahda in Dubai comes next on our list. The area is known for its family-friendly environment, affordable properties and proximity to Sharjah. There are also many conveniences such as retail stores and healthcare centres that make the area a well-rounded choice for tenants.
On average, tenants have paid AED 54k annually for rental flats in Al Nahda. These flats have experienced a consolidated increase of 25.58%.
- The average annual rent for studio, 1-bed and 2-bed apartments has recorded an upward trend of 32.14%, 31.43% and 15.69%, respectively.
- The average rent per annum for studio, 1 and 2 bed-apartments have amounted to AED 37k, AED 46k and AED 59k, respectively.
- Based on DLD transaction data, the average yearly rent for affordable apartments has witnessed a rise of 9.42%.
Bur Dubai has garnered the fourth spot on our list. The average annual rent for flats in this area has increased to AED 87k, after a massive 20.83% surge. Securing the fifth position, Al Qusais has emerged as another budget-friendly area for renting apartments in the megacity. The average annual rent of flats in this area has amounted to AED 52k after a 4% increase.
POPULAR AFFORDABLE AREAS IN 2024 TO RENT VILLAS IN DUBAI
POPULAR AREAS | TRANSACTION PRICE Avg. Yearly RentChange from 2023 | 3-BED Avg. Yearly RentChange from 2023 | 4-BED Avg. Yearly RentChange from 2023 | 5-BED Avg. Yearly RentChange from 2023 |
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| DAMAC Hills 2 (Akoya by DAMAC) | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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| Mirdif | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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| Dubai South | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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| Dubailand | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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| Deira | TRANSACTION PRICE Avg. Yearly RentChange from 2023
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Affordable villas continue to reign supreme in Dubai’s rental property market. They offer spacious living spaces and additional amenities such as swimming pools and gardens.
Fortunately, many areas in Dubai offer budget-friendly options for those who prefer living in a villa. Let’s take a look at the top picks, according to dubizzle real estate trends.
DAMAC Hills 2 (Akoya by DAMAC)
DAMAC Hills 2 has taken the first spot on our list of areas for affordable villas in Dubai. Housing a favourable location, this neighbourhood fosters a family-friendly lifestyle with many amenities such as parks and landscaped gardens. It also features an 18-hole championship golf course, making it one of the top golf communities in Dubai.
- The average yearly rent for 3, 4 and 5-bed villas has upscaled by 22.89%, 18.45% and 9.56%, respectively.
- The average annual rent has risen to AED 102k, AED 122k and AED 149k for 3, 4 and 5-bed villas.
- In line with the DLD transaction data, there has been an uptick of 18.4% in the average annual rent of villas.
Mirdif
Mirdif is known for its family-friendly environment and affordable properties. It is also one of the freehold property areas in the megacity, which adds to its appeal. The new Dubai Blue Line Metro station in Mirdif is set to enhance the neighbourhood’s connectivity, offering residents a quicker commute to central areas. This improved transport link is likely to make Mirdif a more attractive option, leading to an increase in rental interest and property values.
As for villas in Mirdif, they have experienced an 11.45% uptick in average annual rent. The yearly rent has been recorded at AED 146k in 2024.
- For 3, 4 and 5-bed villas, the average yearly rent has risen by 15.04%, 10.14% and 12.82%, respectively.
- The average annual rent has increased to AED 130k, AED 152k and AED 176k for 3, 4 and 5-bed villas in Mirdif, respectively.
- As per DLD data, a positive shift of 5.31% has been recorded in the average rent of villas in the area.
Dubai South
Dubai South is one of the most sought-after areas for budget-friendly villas. Situated adjacent to the Dubai-Abu Dhabi border, it is a master community comprising eight district zones. Also, Dubai South is home to many retail centres, restaurants and hotels.
The annual average rent for villas in Dubai South has risen to AED 122k after a 14.02% surge in 2024.
- The average annual rent for 3 and 4-bed villas has observed an increase of 13.40% and 8.82%, respectively.
- The average rent for 3, 4 and 5-bed houses has been garnered at AED 110k, AED 148k and AED 730k, respectively.
- Based on DLD data, the average rent per annum for affordable houses in this community has increased by 9.99%.
Ranking fourth, Dubailand is another sound option to find rental villas in Dubai on a budget. The average annual rent of villas in Dubailand has been recorded at AED 192k. With fifth place, the average rent per year of villas in Deira has been increased by 3.36%. The annual rent for these villas has averaged AED 154k in 2024.
Commenting on the latest market trends, the CEO of dubizzle and Head of dubizzle Group MENA, Haider Ali Khan, said:
“Dubai’s real estate market has truly outdone itself, hitting new heights in 2024, with over AED 500 billion in 2024. It’s clear that this dramatic growth is driven by the government’s proactive initiatives, including the revised property visa offerings and expansion of freehold areas. Considering the robust economic progress of Dubai and the announcement of major infrastructure projects like the Dubai Metro Blue Line and Al Maktoum Airport, this momentum is unlikely to slow down any time soon.
The demand for properties is at an all-time high, with the off-plan sector in particular showing unprecedented interest. As the UAE’s leading real estate platform, at dubizzle, we remain committed to supporting this growth by offering comprehensive listings of off-plan developments, including ‘Verified Properties’ across all segments—affordable, mid-tier and luxury. At dubizzle, we’re proud to fuel this growth while empowering everyone to make informed decisions.”
These were the highlights and key insights of Dubai’s rental property market in 2024. The megacity’s real estate has witnessed trends in many key areas upward by a considerable margin, showcasing remarkable potential and stability. Many neighbourhoods have continued to be the tenants’ favourites, thanks to their amenities and comfortable lifestyle. All in all, the rental property market of Dubai has witnessed a remarkable year as 2024 draws to a close.
Disclaimer: The aforementioned prices mentioned in the Dubai Annual Property Rental Report 2024 have been extracted from dubizzle data dashboard. They do not represent the real estate transactions regulated in the emirates and are subject to change.
To learn more about real estate rental trends in the UAE, keep reading dubizzle’s property blog.
