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A montage of property advertisements on Dubizzle on May 7, 2022.

PHOTO BY SUPPLIED


Dubai apartments from Dh12,000 per year as rents continue to drop

 

DUBAI – Rents in Dubai dropped further, with property listing websites showing studios for rent for as little as Dh12,000 per month and realtors offering “rent-free” bonuses to clients.

In Dubai’s older district of Al Baraha in Deira, several studio apartments were listed for Dh12,000 per year on the Dubizzle website on Saturday (May 7).

Real estate broker Al Zajel Real Estate said the rent for one 200sqft studio in Al Baraha can be paid with one cheque, and also includes “one month rent free” and “flexible payment terms”.

Studios in Al Nahda close to the border with Sharjah were listed for rent starting at Dh14,500 per year, and include a “one month rent free” clause.

In International City, apartment rent prices also dropped further, with studios in the Greece or France cluster listed for rent at Dh21,000 per year, payable in four cheques.

A fully furnished studio in Dubai South is being rented out for Dh24,000 per year.

SBK Real Estate offered up to two months’ rent-free stay at a new studio in Dubailand that can be rented for Dh23,000 per year.

Even the affluent address of Burj Khalifa saw rental properties listed for as low as Dh129,000.

According to House Land Properties, the rental for the semi-furnished one-bedroom apartment is “very reasonable” and offers a view of the Burj fountain and Downtown Dubai. ICA/Expat Media


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