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Dubai rents in 2016: Apartment prices per suburb

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People have been saying for some time that Dubai rents should go down soon, so will that happen this year?

The updated Rental Index Calculator from Dubai Land Department’s Real Estate Regulatory Authority has just been launched, and it shows a slight downturn in recommended rents in many suburbs (and hardly any increases).

The Rera Rental Index Calculator is an online ‘guiding tool’ on how much rent you should be paying, and on whether you will be due a rental increase when your lease is up.

*READ MORE: Know your property rights in Dubai*

It helps to avoid arbitrary rent hikes from landlords by giving a recommended rental bracket for most Dubai suburbs. It’s now updated only annually, so the new brackets that appeared on the website this week are the recommendations for the whole of 2016.

It’s only a guideline, but it’s also a good bracket to bring up with property agents when house hunting if they ask for wild amounts of money.

We went into the Rera Rental Index Calculator to see what the new official price brackets for apartments in some of the major Dubai suburbs in 2016. The results? Most suburbs have seen a slight decrease, but nothing significant. See the details below.

Rera’s 2016 price ranges for apartments per suburb

For more information on villas, townhouses, three bedroom places etc, check out the Rental Increase Calendar, which has just been updated for 2016.

Business Bay

JW Marriott Marquis, Business Bay

Studio in early 2016: Dhs65,000 to Dhs75,000 (same in 2015)

One bedroom in early 2016: Dhs80,000 to Dhs105,000 (Dhs90,000 to Dhs110,000 in 2015)

Two bedroom in early 2016: Dhs110,000 to Dhs140,000 (Dhs120,000 to Dhs140,000 in 2015)

Three bedroom in early 2016: Dhs160,000 to Dhs190,000 (Dhs170,000 to Dhs190,000 in 2015)

Discovery Gardens

Studio in early 2016: Dhs45,000 to Dhs55,000 (same in 2015)

One bedroom in early 2016: Dhs60,000 to Dhs75,000 (same in 2015)

Two bedroom in early 2016: Dhs70,000 to Dhs80,000 (Dhs70,000 to Dhs85,000 in 2015)

Downtown Dubai

downtown-dubai

Studio in early 2016: Dhs65,000 to Dhs80,000 (Dhs70,000 to Dhs80,000 in 2015)

One bedroom in early 2016: Dhs95,000 to Dhs115,000 (Dhs100,000 to Dhs120,000 in 2015)

Two bedroom in early 2016: Dhs160,000 to Dhs180,000 (Dhs170,000 to Dhs190,000 in 2015)

Dubai Marina

Dubai Marina dog walking backlash

Studio in early 2016: Dhs60,000 to Dhs80,000 (same in 2015)

One bedroom in early 2016: Dhs90,000 to Dhs110,000 (Dhs90,000 to Dhs120,000 in 2015)

Two bedroom in early 2016: Dhs140,000 to Dhs180,000 (Dhs140,000 to Dhs190,000 in 2015)

Dubai Silicon Oasis

Studio in early 2016: Dhs35,000 to Dhs45,000 (same in 2015)

One bedroom in early 2016: Dhs50,000 to Dhs70,000 (same in 2015)

Two bedroom in early 2016: Dhs70,000 to Dhs85,000 (same in 2015)

The Greens

Studio in early 2016: Dhs60,000 to Dhs70,000 (same in 2015)

One bedroom in early 2016: Dhs80,000 to Dhs90,000 (same in 2015)

Two bedroom in early 2016: Dhs120,000 to Dhs145,000 (Dhs120,000 to Dhs150,000 in 2015)

JLT

Pictures of Dubai - Dubai Marina and JLT

Studio in early 2016: Dhs55,000 to Dhs70,000 (Dhs55,000 to Dhs75,000 in 2015)

One bedroom in early 2016: Dhs75,000 to Dhs95,000 (Dhs80,000 to Dhs100,000 in 2015)

Two bedroom in early 2016: Dhs110,000 to Dhs135,000 (Dhs120,000 to Dhs150,000 in 2015)

Motor City

Studio in early 2016: Dhs50,000 to Dhs60,000 (same in 2015)

One bedroom in early 2016: Dhs65,000 to Dhs80,000 (same in 2015)

Two bedroom in early 2016: Dhs95,000 to Dhs120,000 (Dhs100,000 to Dhs120,000 in 2015)

Jumeirah Village

Studio in early 2016: Dhs40,000 to Dhs50,000 (same in 2015)

One bedroom in early 2016: Dhs55,000 to Dhs70,000 (same in 2015)

Two bedroom in early 2016: Dhs80,000 to Dhs100,000 (same in 2015)

Mirdif

mirdif new

Studio in early 2016: Dhs35,000 to Dhs45,000 (same in 2015)

One bedroom in early 2016: Dhs60,000 to Dhs65,000 (same in 2015)

Two bedroom in early 2016: Dhs80,000 to Dhs85,000 (same in 2015)

Oud Metha

Studio in early 2016: Dhs40,000 to Dhs50,000 (same in 2015)

One bedroom in early 2016: Dhs65,000 to Dhs80,000 (Dhs70,000 to Dhs80,000 in 2015)

Two bedroom in early 2016: Dhs85,000 to Dhs110,000 (same in 2015)

Jumeirah

Studio in early 2016: Dhs40,000 to Dhs50,000 (same in 2015)

One bedroom in early 2016: Dhs70,000 to Dhs75,000 (same in 2015)

Two bedroom in early 2016: Dhs85,000 to Dhs100,000 (same in 2015)

Umm Suqeim

Studio in early 2016: Dhs40,000 to Dhs50,000 (same in 2015)

One bedroom in early 2016: Dhs70,000 to Dhs75,000 (same in 2015)

Two bedroom in early 2016: Dhs90,000 to Dhs100,000 (same in 2015)

Can’t find the suburb you’re looking for here? Visit the rental increase calculator and find it there (it’s split into three sections, Deira, Bur Dubai and Freehold).

REMINDER OF THE RENT INDEX’S RULES: 

– If the rent of a property is less than 10 per cent of the average rent of a similar property in the same residential area there should be no increase.

– If the rent of a property is between 11 and 20 per cent less than the average rent of a similar property, the maximum increase is 5 per cent of the rent value.

– If the rent of a property is between 21 and 30 per cent less than the average rent of a similar property, the maximum increase is 10 per cent of the rent value.

– If the rent of a property is between 31 and 40 per cent less than the average rental of a similar property, the maximum increase is 15 per cent of the rent value.

– If the rent of a property is less than 40 per cent or over the average rent of a similar unit, the maximum increase is 20 per cent of the rent value.

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