Cheapest Places to Rent an Apartment in Dubai

Dubai International City, Jumeirah Village Circle (JVC), Dubai South, Bur Dubai, Liwan, and Al Warsan are some cheapest places to rent an apartment in Dubai. Property prices are quite reasonable in these mentioned areas. People looking for affordable real estate or those who aim to cut their expenses should consider these mentioned neighborhoods in Dubai to rent apartments.

Dubai: A City Built For The Future!

Dubai is a modern and thriving city. It has developed its legacy as a lavish and expensive city. Its splendid developments, iconic skyline, some of the world’s tallest buildings, high-end amenities and luxurious offerings make it one of the most prominent cities in the world. 

It has earned a reputation as a global business and tourism hub. In view of its majestic lifestyle, tourist attractions and business opportunities, people are attracted to Dubai. Some of them want to enjoy its serene and sophisticated living environment, some of them strive to explore its glory and perfection and some desire to start or expand their businesses in this metropolitan city.

Cheapest Places to Rent An Apartment in Dubai:

The prevailing perspective is that Dubai is an expensive city. It offers luxurious apartments, townhouses and opulent villas for sale in Dubai. Certainly, Dubai extends palatial investment opportunities. However, this is not the entire story. Along with developing innovative and sophisticated projects, this city also offers affordable and cheap real estate investment opportunities to cater to the diverse needs of investors and home seekers.

Dubai Investment Park:

Dubai Investment Park is a mixed-use development. This family-friendly neighborhood is located on the southern side of Dubai. It features commercial, residential and industrial real estate and offers affordable investment options. Its expensive outdoor spaces, modern amenities, significant location and proximity to other areas make it a prominent real estate investment destination.

Property prices in DIP are quite affordable and so are rents. If you are looking for a cheap and affordable apartment on rent then Dubai Investment Park is one of the most considerable places. Expo City and Dubai Golf Estates Golf & Country Club are popular nearby attractions.

The average rental cost of a 1-bedroom apartment in Dubai Investment Park is around AED 50,000. Furthermore, the average rental value of 2 and 3-bedroom apartments are about AED 72,000 and AED 73,000 respectively.

Bur Dubai:

Bur Dubai is a residential neighborhood in Dubai, located on the western side of Dubai Creek. It is a historical district as it hosts a number of historical landmarks and developments. It is bounded by Mina Rashid from the northern side, Al Jafiliya from the western side, and Dubai International Financial Center from the southern side. 

This neighborhood offers a range of residential investment opportunities. Here properties are affordable or cheap, enabling investors to buy apartments for sale in Bur Dubai at reasonable rates. Furthermore, rental properties are also cheaper in this development. The average annual rent for a studio apartment in Bur Dubai ranges from AED 35,000 to AED 59,000 and for a 1-bedroom apartment, the annual rent is somewhere between AED 55000 to AED 95000.

Dubai International City:

When discussing affordable places to rent an apartment in Dubai, we cannot afford to negate Dubai International City. It is considered one of the cheapest places to live in Dubai. Along with affordable properties, it extends a sophisticated living environment, enabling residents to enjoy an unbeatable living experience. Its location is also pivotal. It is located in Al Warsan, Dubai. Dubai Safari Park and Academic City are located quite close to International City.

Housing clusters in International City are named after different nations such as England, Greece, Spain, China, Italy, Russia, etc. Investment in this neighborhood is considered a preferable choice. If you are moving to Dubai and looking for a splendid yet feasible living destination then rental properties in International City are suitable considerations.

The yearly average rental cost of a single-bedroom apartment in International City is around AED 36,000, for a 2-bedroom is AED 49,000 and for a 3-bedroom apartment is AED 85,000. In simple terms, this neighborhood is designed to offer a sophisticated lifestyle at a reasonable cost.

Jumeirah Village Circle

Jumeirah Village Circle by Nakheel Properties is a family-friendly neighborhood in Dubai. This community is bounded by Al Khail Road (E44) and Sheikh Mohammed Bin Zayed Road (E311). It is located at a prominent destination and offers easy accessibility to other key areas. Dubai Miracle Gardens is 10, Downtown Dubai 20 and Dubai International Airport is 25 minutes’ drive from the community.

JVC is known for affordable properties for sale in Dubai. Property prices are affordable. Investment options include villas and apartments in JVC. If you desire to enjoy a serene lifestyle at a significant location then apartments on rent in JVC are better considerations. Live to the fullest in JVC without damaging your budget!

The rental value of a 1-bedroom apartment in JVC is AED 64,000 for a year. If you go for a 2-bedroom apartment on rent in JVC then you will have to pay around AED 89,000 per year and for a 3-bedroom apartment, the average yearly rental value is AED 138,000.

Dubai South:

Dubai South is a multi-phase development. It is home to Al Maktoum International Airport and Jebel Ali Port. It is a multi-phase development that features luxurious and affordable properties in Dubai. This master-planned community is further divided into 8 sub-districts. Its prime location, easy access to significant locations and transportation facilities such as port and airport, modern developments and reasonable rental properties attract investors and home seekers.

This community is located on Sheikh Mohammed Bin Zayed Road, Dubai. From off-plan properties for sale in Dubai South, Dubai to ready-to-move-in real estate investment options fascinate people. Furthermore, affordable rental properties are also a reason behind its attraction, inviting people seeking rental apartments.

The average annual rent for a 1-bedroom apartment is AED 45,000, for a 2-bedroom apartment is AED 65,000 and for a 3-bedroom apartment is around AED 100,000. Take advantage of affordable rental apartments in such a luxurious neighborhood in Dubai!

Damac Hills 2

Damac Hills 2 by Damac Properties is an eco-friendly and self-contained community in Dubai. Previously known as “Akoya Oxygen.” This is a master-planned development that features stylish yet feasible real estate investment options. Residents enjoy modern amenities here and live their lives as they desire because this neighborhood is meticulously designed to extend luxurious yet cheap properties.

If you aim to live a safe, secure, comfortable, luxurious and sophisticated lifestyle without disturbing your budget or finances then Damac Hills 2 is one of the best living destinations in Dubai. Explore your next living destination in Damac Hills 2, let your loved ones enjoy modern luxuries and manage your finances in the finest way.

The yearly rental value of a 1-bedroom apartment in Damac Hills 2 is AED 50,000. The rental value of a 2 and 3-bedroom apartment in this community is around AED 72,000 and AED 83,000 respectively.

Dubai Sports City:

Dubai Sports City is a family-friendly neighborhood in Dubai. Sports and fitness enthusiasts are attracted to it because of its sport-oriented lifestyle. It is a purposely built neighborhood that incites people to live a healthy lifestyle. It is located at a prime destination and offers easy accessibility. 

This development features a range of real estate investment opportunities, enabling investors to choose the most suitable option based on their demands and choices. Rental properties are also affordable because of cheap rental values, attracting people with limited financial means.

The yearly average rental value of a studio apartment in Dubai Sports City is somewhere between AED 36,000 to AED 72,000 and the average yearly rental value of a 1-bedroom apartment in this neighborhood is around AED 50,000 to AED 90,000.

Al Warsan

Al Warsan is a mixed-use residential development located near International City, Nad Al Sheba and Al Warqa. It is known for its cheap and affordable real estate. Property prices are very reasonable mainly because it is in its development phase. Individuals, professionals and families who are looking for a peaceful and comfortable setting can buy and rent properties in Al Warsan.

This community is further divided into four sub-communities. Low, mid and high-rise towers in this neighborhood offer affordable rental apartments of various sizes.  This district also offers modern amenities such as advanced educational and health institutes, restaurants, parks and a lot of other recreational facilities.

The yearly average rental cost of a 1-bedroom apartment in Al Warsan is AED 43,000. The average cost of a 2 and 3-bedroom apartment is AED 58,000 and 82,000 respectively.

Liwan:

Liwan is a prominent neighborhood in Dubai. It is located at the intersection of Mohammed Bin Zayed Road (E311) and Dubai Al Ain Road (E66). This freehold development features affordable properties, attracting individuals and professionals. It is located at a prime destination and offers easy access to several key areas of the metropolitan city. 

Whether you are looking to buy or rent apartments, Liwan is a good choice because property prices in this district are reasonable. It means you can purchase or rent an apartment at a cost-effective rate and save a significant portion of your income. Modern amenities are also available here that create a sophisticated and desired living environment.

The yearly rental value of a 1-bedroom apartment is AED 30,000 to AED 32,000. The average rent for a 2 and 3-bedroom apartment is AED 44,000 to AED 46,000 and AED 58,000 to AED 62,000. Do not miss out on this chance! Take advantage of affordable rents and find the most viable living option based on your budget!

Dubai Silicon Oasis

Dubai Silicon Oasis is a mixed-use development. It offers a vibrant and luxurious living environment, enabling people to live, work and enjoy. This area is located at the intersection of Sheikh Mohammed Bin Zayed Road (E311) and Al-Ain Road Dubai (E66). It is a technologically oriented neighborhood, attracting tech enthusiasts.

Property prices in Dubai Silicon Oasis are also reasonable, attracting people to capitalize on cheap properties and enjoy the high-end amenities that Dubai Silicon Oasis has to offer. Luxury apartments for rent in Dubai Silicon Oasis are available at affordable rents.

For a studio apartment in Dubai Silicon Oasis, the annual rental value remains somewhere between AED 20,000 and AED 40,000. Furthermore, for a 1-bedroom apartment in DSO, the annual rental cost is around AED 45,000 to AED 65,000. 

Let’s Find Out Factors That Determine The Rental Values Of Properties!

The rental values of properties in Dubai depend on a number of factors. These factors include property type, demand for properties, available amenities, the location of a property, etc. Let’s further discuss rent-determining factors!

The Location Of A Property

The location is the most important factor to consider when buying or renting property. It defines the cost and rental value of a property. If a property is located at a prime destination then its cost will be quite high compared to the same type of property if it is located in a far-flung area. Experts advise finding a property that is located at a prime destination, connected to road networks and offers easy accessibility.

Type Of Property

This factor also determines the cost and rental value of a property. The value of a villa, townhouse and apartment cannot be the same. Furthermore, the value of a studio apartment will be lower than that of a 1 or 2-bedroom apartment and it goes on. Mainly, it depends on the space and the utility that a property offers.

Available Facilities

If a property offers access to modern amenities such as swimming pools, gymnasium and recreational facilities and also extends exclusive privacy as in the case of a villa then definitely, the cost of such properties will be higher than properties that do not offer premium amenities.

The Demand Of Properties

If more people are interested in a specific property then the value of that property will increase because the cost of a commodity or property is directly proportional to the demand of that particular commodity or property and vice versa. 

The Bottom Line:

Certainly, Dubai is a world-class city. It offers a luxurious lifestyle. Everyone dreams of living in Dubai because of its high-end offerings and deluxe way of living. You must be thinking that this life is not easy to achieve. It is true to some extent. However, Dubai is a vibrant city. It welcomes everyone. This metropolitan city also facilitates people who cannot afford to buy luxury real estate. There are a number of cheapest places to rent an apartment in Dubai.

Liwan, Bur Dubai, Dubai South, Dubai Investment Park, Jumeirah Village Circle and Al Warsan are some of the cheapest places to rent property in Dubai. If you want to cut your expenses and find a rental property within your budget then consider these mentioned neighborhoods to find your rental property.

Find Your Dream Property In Dubai With Professional Guidance:

Kelt and Co Realty is a prominent real estate agency in Dubai. This property company helps people in buying, selling and renting real estate in the metropolitan city. Get the services of our real estate agents to find the most viable property in Dubai based on your specific preferences and financial means.

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