Live in Burj Khalifa for Dh74,888 as Dubai rents continue to drop

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Consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis.” byline=”staff reporter” caption=”A studio apartment in Burj Khalifa being advertised for rent (inset).” credits=”ARCHIVE/DUBIZZLE”]

Burj Khalifa studio flat rentals drop to Dh74,888 as Dubai rents continue to decline

 

DUBAI – Your chance to live in the tallest tower in the world just got even more affordable as rents in Burj Khalifa dropped to Dh74,888 for a studio.

On classifieds site Dubizzle, studios in Burj Khalifa were being rented out between Dh74,888 and Dh80,000 per year, while furnished ones cost Dh90,000 per year.

One-bedroom apartments were being rented out for as low as Dh105,000.

In Dubai Production City, International City, Al Baraha in Deira, Al Nahda 2, studios could be rented out for Dh15,000 or less per year.

Tenants in Dubai have continued to enjoy low rents during the first quarter of the year as property rentals declined by 11 percent, according to latest data on Monday (April 19).

Real estate consultancy ValuStrat said the average rental for residential units in Dubai stood at Dh76,910 from January to March.

According to the report, tenants paid Dh55,000 average rents for apartments and Dh211,485 for villas in Dubai.

Dubai tenants reportedly paid an average of Dh35,000 yearly rent for studio apartments, Dh52,000 for one-bedroom, Dh78,000 for two-bedrom, and Dh114,000 for three-bedroom apartments.

For villas, the average yearly rent is Dh103,000 for a two-bedroom villa, and Dh150,000 for a 3-bedroom, and Dh212,000 for a 4-bedroom villa. ICA/Expat Media


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