If you move to Dubai, one of the first things on the checklist is to find a good home. Dubai has different regions that one can choose to reside in depending on affordability and preferable lifestyle.We have collated data from the Dubai Land Authority to prepare the writing that will help to customize your search, depending on your preferences.
One-bedroom apartments serve as a standard for this writing. In regions where the number of villas exceeds the number of apartments, three-bedroom villas serve the boarder’s purpose well. You can use this guide to find the region that fits your budget, but rents may vary and some apartments are outside the scope listed here.
Jumeirah Beach Residence, Dubai Marina, and JLT: JLT is a very family-friendly region with gardens and lakes. JBR has great access to amenities and the beach, making it ideal for families. Dubai Marina apartments, on the other hand, are popular with couples and individuals.
Dubai Marina (one apartment): AED 60,000 to AED 80,000 per year.
Jumeirah Beach Residence (Apartment 1): AED 70,000-85,000 per year.
Jumeirah Lake Tower (one apartment): AED 55,000 to AED 70,000 per year
Jumeirah Village:JumeirahVillage is one of the new developments in Dubai, and its villas, houses, and apartments have grabbed the attention of people. The region has the reputation to be one of the best value for money. Mostly the designs and builtup quality of homes is much better than the rest of old developments, people seeking contemporary design with pocket friendly budget opt this location.
The Greens: This centrally developed region is a combination of low and high-rise condominiums and apartments. The beautiful restaurants, lakes and running tracksprovide good service to the residents. Many people move to this region for leading a good social life. The place is perfect for people who are working in Dubai Media City and Dubai Internet City.
You can pay the rent through cheques that are post-dated. Many people choose to pay 2-4 installmentsevery year. This may vary depending on the contract signed with the landlord. However, remember that you can negotiate on it with the property owner. Many homeowners agree to reduce rental ratesif you pay one year’s rent in advance.
When renting a property in Dubai, it is normal to pay a fee to a real estate agent. There is no specific amount set by law, but generally market norm is to pay about 5% of the total rent.
In addition to basic rent and agent fees, tenants must pay 5% of the total rentas a security deposit to the owner. This amount is refundable, but the owner can use that amount to pay the repairs required to return the property to its original state as it got rented to you.
You must also register a lease with Ejari. It takes AED 215. To create a DEWA account, you must pay a refundable deposit of AED 2000 for an apartment and deposit AED 4000 for a villa.