Here’s how much rents have dropped in Dubai


Renting a flat or villa in Dubai continues to become more affordable.

According to new research from the real estate portal Property Finder, apartment rental rates have fallen 5 per cent year-on-year in the first half of 2019, and they are 21 per cent lower than they were two years ago.

The biggest declines were seen in Town Square (-10.1 per cent), Motor City (-6.4 per cent), Culture Village (-6.2 per cent) and Dubai Investment Park (-6.1 per cent).

Meanwhile, villas and townhouses are 8.6 per cent cheaper compared to the same time last year.

The Meadows (-18.1 per cent), Green Community Motor City (-11.3 per cent), Reem Mira (-10 per cent) and Al Furjan (-7.8 per cent) were the villa communities that witnessed the sharpest declines.

The drop was mainly due to an increase in the supply of new homes.

The only areas where rents registered marginal growth were City Walk, World Trade Centre, Emirates Hills, International City and Jumeirah Park.

Nearly 33,400 residential units were handed over last year, as per the report.

More from Business

Coming Up on Dubai Eye

  • The Best of Dubai Eye 103.8

    6:00am - 10:00am

    Hear the highlights from the week gone by on Dubai Eye 103.8. Listen again to the best interviews, advice and the top stories that has gripped our conversation this week.

  • Farmer's Kitchen

    10:00am - 11:00am

    Helen Farmer's teamed up with Spinneys to bring you amazing dishes to cook at home using ingredients from the stores. Listen to Farmer's Kitchen and learn how to recreate recipes made by top UAE chefs.

On Dubai Eye

Business Breakfast