Top 10 places in Dubai where Indians prefer renting apartments

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The real estate market in Dubai and Abu Dhabi recovered last year and the progress rate was noticeable.

As per industry experts, the real estate market will continue to be strong in 2017 as well. According to Bayut, changes in both the rental and sale markets will have a positive bearing on the real estate market that is constantly fine-tuning its way towards maturity.

In Dubai, apartment rents across all bed categories averaged AED 124,000 in October 2016 and average yield for apartments in Dubai also improved.

Meanwhile, studio apartments remained the obvious high performers and rent for an average studio unit in Dubai climbed to AED 56,000.
At AED 92,000 per annum, the average rent for 1-bedroom apartments showed a 1% improvement.

Most popular apartment renting localities in Dubai included Dubai Marina, Jumeirah Lake Towers (JLT), Al Nahda, Downtown Dubai and Bur Dubai.

READ ALSO: Top 10 places in Dubai where Indians prefer buying apartments the most

Bayut said real estate market in Dubai and Abu Dhabi was heading towards maturity due to new project launches, inclination of developers to market more and more projects to first-time home buyers and genuine end users.

Meanwhile, many Indians have also shown interest in renting apartments as 71% Indians preferred renting apartments and only 6% Indians preferred renting villas.

These are the top 10 areas in Dubai where you will find Indians renting most of the apartments

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Dubai Marina

Dubai Marina
13% Indians preferred renting property here

Downtown Dubai

Downtown Dubai
12% Indians rented apartments here

Bur Dubai

Bur Dubai
10% Indians prefer renting apartments in this location

Business Bay

Business Bay
9% Indians preferred Business Bay

International city

International city
8% Indians rented property here

Jumeirah Lake Towers

Jumeirah Lake Towers
6% Indians preferred renting apartments here

Deira

Deira
5% Indians rented apartments here

Discovery Gardens

Discovery Gardens
4% Indians prefer taking apartments on rent here

Al Barsha

Al Barsha
This area was 3% popular among Indians

Dubai Silicon Oasis

Dubai Silicon Oasis
You will just find 3% Indians staying on rent here
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