Dubai rents Up to 17%

By Fakhr Ahmad: As per Bayut’s data analysis, affordably priced apartment rentals increased from one per cent to 17 per cent, while mid-tier segment apartments jumped up to 12 per cent. Conversely, luxury apartment rentals have witnessed decreases of up to 4 per cent.
Reasonably-priced villas have generally become cheaper by up to 3 per cent, with rental houses in Mirdif areas recording upticks of one per cent to seven per cent.
Mid-tier villa rentals have recorded increases in the range of two per cent to 17 per cent, with certain bed types in Jumeirah Village Circle (JVC) and Town Square reporting price decreases of under two per cent.
Luxury villa rentals have surged by 13 per cent, although four-bedroom homes in Al Barsha and Damac Hills have become relatively more affordable by 12 per cent to 14 per cent.
Among those seeking affordable accommodations, Deira and Al Nahda have emerged as popular choices for apartments, while Damac Hills 2 and Mirdif have garnered attention for villas.
In the mid-tier segment, Jumeirah Village Circle (JVC) and Bur Dubai apartments have been in high demand among tenants, whereas properties in JVC and Arabian Ranches 3 have attracted villa-seekers. In the luxury category, Dubai Marina and Business Bay have remained sought-after destinations for apartment rentals, while Dubai Hills Estate and Al Barsha have been favoured for high-end villa rentals.