5 Essential Questions to Ask Before Renting in Dubai as an American
It can be a daunting exercise to rent a property in Dubai specifically when it is done by Americans with limited understanding of the Rental Market in the UAE. Five questions that you need to answer before jumping into it, plus the cost of rent in different areas of Dubai.
What Are the Total Costs Involved?
Renting in Dubai means a lot more than just monthly installments. Do not forget to inquire about possible extra charges such as the security deposit, the commission rates of the agent, the utility bills if any and the possible maintenance charges. For example, the average monthly rental rates in Al Nahda stand at AED 3,500 for a one bedroom apartment and for a one bedroom apartment in Dubai Marina the average rent stands at AED 9,000.
What Are the Lease Terms?
Lease terms: Know the time frame of a lease rental and the policies regarding its renewal. The duration of most of the tenancies in Dubai is one year but it is recommended to always know the details including notice period required for cancelling the lease and the circumstances that allow the landlord to increase the rent.
Are There Any Restrictions?
Certain conditions can also be not allowed including pet presence, changes in the apartment, and others, including subletting. Some of these conditions include; it is important that you clarify these conditions before you even buy the property of your choice so that the property will suit your current lifestyle and future aspirations.
What Amenities Are Included?
Ask about the facilities available like some parking lots, availability to gym, cleaning services, etc. They can improve your quality of living and can give reason behind the rental cost which can be quite high in some cases. The various features found in these communities include swimming pool and greenways to enhance the aesthetics of the community such as in Discovery Gardens.
How Is the Neighborhood?
Influence such factors as location of the neighborhood in relation to public means, schools, and shopping facilities. This is important to ensure the place provides for your daily wants and desires. Some of the easily accessible and cost effective areas to stay are the Bur Dubai and the Dubai Investment Park area which provides the feel of traditional Dubai complemented with modern facilities.
Cost Analysis of Rent in Dubai by Area
Rent prices in Dubai vary significantly depending on the neighborhood. Here’s a brief overview of rental costs in different areas:
Bur Dubai: The following are the rents of the units: Studio apartments: 35,000 to 59,000 AED annually, one – bedroom apartments: 55,000 to 95,000 AED annually.
Discovery Gardens: The cost of renting the stables apartments embraces AED 42,000 to AED 50,000 per year and one bed apartments goes for AED 58, 000 to AED 80, 000 per year.
Dubai Investment Park (DIP): The cost of renting studio apartments stands at 32,000 AED to 42,000 AED per annum while one bedroom apartments cost 53,000 AED to 60, 000 AED.
Dubai Silicon Oasis: The amount of rent for the studio apartments are within the range of Thirty five thousand to sixty five thousand in AED per annum while one bedroom apartments cost between forty seven thousand to seventy five thousand in AED each year.
Dubai Sports City: The studio type costs between AED 36000 and AED 72000 yearly while one type costs between AED 50000 and AED 90000 yearly.
Jumeirah Village Circle (JVC): A comparatively new area for families to reside in, a studio apartment is available at AED 38,000 and a one-bedroom flat ranges from AED 70,000-AED 80,000 per annum.
By asking these questions and understanding the costs involved, you can navigate the Dubai rental market with confidence and make informed decisions that suit your needs and lifestyle.