Throughout the year, demand for rental communities is constantly changing as tourists come and go. However, that may not be the case everywhere in Dubai. Some communities such as Dubai Marina and International City have remained the most in-demand rental communities during high-, mid- and low- season offering stable returns on real estate investment in the first half of 2018.
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Rent prices for studio apartments in Dubai Marina and International City have decreased the least (only 3 per cent). Whereas rents have fallen 15 per cent for studio apartments in Deira, 10 per cent in Bur Dubai Bur Dubai and Jumeirah Lake Towers, and 7-8 per cent in Business Bay, Dubai Silicon Oasis and Jumeirah Village Circle.
Rents for one-bedroom apartments have fallen the least in Dubai Marina and International City (only 3 and 2 per cent respectively). They have fallen 15 per cent in Deira, 7-8 per cent in Bur Dubai and Dubai Sports City, and 5-6 per cent across Jumeirah Lake Towers, Business Bay, Jumeirah Village Circle and Downtown Dubai.
In the most popular area, Dubai Marina, the average annual cost of renting a one-bed was Dhs87,000 ($23,686). Dubai International City has remained the most affordable well-known area for both renting and buying apartments.
More: Zero percent decrease in rental prices for one and two bed apartments in Dubai International City