What is the rent for luxury apartments in Dubai?

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What is the rent for luxury apartments in Dubai?

13/12/2024

For many years Dubai attracts people with its luxury lifestyle. The Forbes tops buy grand villas and apartments here to live here from time to time.

You can also afford living in luxury apartments in Dubai and enjoy all the opportunities the emirate provides. To clarify, with a well-developed rental market, you can easily rent a nice unit here and take pleasure of living, working, and running business in Dubai.

Luxury Apartments for Rent in Palm Jumeirah

Palm Jumeirah is an iconic island that is famous worldwide. It is a wonderful example of how great, powerful, and ambitious humankind, and especially those located in Dubai, is.

If you want to experience how it feels like living on the world's largest man-made island and enjoying its chic and elegancy, we recommend you to rent one of its apartments. Here you will find:

Gorgeous spacious apartments with a wonderful waterfront view;
Numerous A-rated facilities such as beach and yacht clubs;
Deep relaxation and golden opportunity to have a rest from your routine with all this buzz and fuss.

Here are minimal rental prices (per year) for various apartment types in the Palm Jumeirah area as of May 2020:

AED 60,000 for a studio;
AED 75,000 for a 1-bedroom apartment;
AED 95,000 for a 2-bedroom apartment;
AED 120,000 for a 3-bedroom apartment.

So, as you can see, Palm Jumeirah prices for rent start from AED 60,000 per year. For this price, you can live a whole year in a nice studio. Of, course, if you need something large, the prices will be rather higher, but still not “too much” in terms of the “price-quality” ratio.

Luxury Apartments with Burj Khalifa View

Another most sought-after area with luxury apartments is Downtown Dubai. This is the heart of Dubai, very modern, advanced, and ambitious. It is famous for the world's tallest tower, Burj Khalifa, another great symbol of the greatness of Dubai. No wonder those who choose this location to live, prefer to rent apartments with Burj Khalifa view so as to take full advantage of this place and its atmosphere.

Here are minimal rental prices (per year) for various apartments with Burj Khalifa view as of May 2020:

AED 70,000 for a studio,
AED 85,000 for a 1-bedroom apartment,
AED 120,000 for a 2-bedroom apartment,
AED 170,000 for a 3-bedroom apartment.

Burj Khalifa apartments for rent are slightly more expensive at their bottom prices when compared to the previous area. However, they are obviously more limited in numbers and, hence, are always in great demand. So, it is a real fortune to rent such an apartment.

Amazing View of Fountain and Burj Khalifa

But why many people prefer to rent (or buy) flats in the nearest location from Burj Khalifa? Why do they desire their flat windows to offer Burj Khalifa view? Well, because it is really spectacular! And because these apartments provide not only a Burj Khalifa view but a Dubai Fountain view as well.

To start with, Burj Khalifa is not the only world wonder and attraction in this location. Raise your gaze to the sky and you will get impressed by the height of this majestic tower. But if you look down, you will be fascinated and impressed not less. Yes, we are talking about the 30-acre Burj Lake and the world's tallest and largest dancing fountain, the Dubai Fountain.

Both views are spectacular and captivating even in the daytime. But when the night falls, they turn to be absolutely breathtaking and magnificent. Imagine you have an opportunity to take pleasure of their beauty and grandeur every second whilst not bothering yourself with leaving your neat dwelling place. All this is possible when you rent (or purchase) an apartment with Burj Khalifa (and, perhaps, the Fountain) view.

What Makes Dubai The Best Place to Buy Luxury Homes Worldwide?

Of course, the world's largest man crafted island, tallest building, and largest dancing fountain are great. However, not only this attracts millions of people to choose Dubai as their destination to live, work, and buy luxury homes.

First, though Dubai luxury property is already an A-rated brand, it is still worth every penny to spend. In other words, you pay for what you get without the risk of overpaying in terms of the “price-quality” ratio. In terms of the unit's carpet area, you get more footage for a lower budget if compared with the luxury real estate market in other countries.

Second, this is a fast-growing segment that not just promises but proves to be in-demanded and bring high ROI. Here we are talking both about rental yield and prospects of sale price increase in the near future.

At last, Dubai is a land of golden opportunities for business and personal living. Business values Dubai for its highly friendly environment both in terms of taxation and handling transactions. Individuals value Dubai for a safe and comfortable life they can enjoy.

If you are planning to buy a luxury villa or apartment in Dubai (to own or to rent), reach to BSO. Our experts will help you find your best option and turn your dream into reality.