Looking for a new place to rent? Here are the cheapest areas to include in your house-hunting itinerary

Dubai: House-hunting is no walk in the park, especially if the budget is tight and you do it in the middle of the summer.
Not only will you have to endure hopping from one place to another, with outside temperatures soaring close to 50 degrees Celsius, but you’ll have to make sure you’re not exceeding your budget – and this requires a lot of negotiation and price-comparison checks.

To make it a little bit easier for you, we’ve reviewed the latest rental data and drawn up a list of top seven most affordable communities for tenants. Using data supplied by property consultants Asteco, we’ve ranked the neighbourhoods in Dubai based on average rents of one-bedroom apartments.
So, whether you’ve gotten tired of your old apartment or recently joined the expat community in Dubai, it may be worth looking at this list of seven most budget-friendly areas to rent a one-bedroom apartment. The numbers are as of June 2017, and percentages of increase/decrease are for the period between June 2016 and June 2017.

1. International City

Minimum rent: Dh35,000
Maximum rent: Dh55,000
How much rents have fallen in one year: -9 per cent
To browse rents in International City, click here.

2. Deira

Minimum rent: Dh35,000
Maxium rent: Dh75,000
How much rents have fallen in one year: -11 per cent
To browse rents in Deira, click here.

3. Jumeirah Village

Minimum rent: Dh50,000
Maxium rent: Dh70,000
How much rents have fallen in one year: -8 per cent
To browse rents in Jumeirah Village, click here.

4. Dubai Sports City

Minimum rent: Dh50,000
Maxium rent: Dh75,000
How much rents have fallen in one year: -6 per cent
To browse rents in Dubai Sports City, click here.

5. Bur dubai

Minimum rent: Dh50,000
Maximum rent: Dh 80,000
How much rents have fallen in one year: -11 per cent
To browse rents in Bur Dubai, click here.

6. Discovery Gardens

Minimum rent: Dh55,000
Maximum rent: Dh75,000
How much rents have fallen in one year: -2 per cent
To browse rents in Discovery Gardens, click here.

7. Al barsha

Minimum rent: Dh55,000
Maxium rent: Dh80,000
How much rents have fallen in one year: -7 per cent
To browse rents in Al Barsha, click here.

Where rents have fallen most:
1. Business Bay

Business Bay, DubaiAverage decline: -14 per cent
2. Downtown Dubai
Average decline: -12 per cent

3. Bur Dubai and Deira

Average decline: -11 per cent

4. Greens, International City, Dubai Marina
Average decline: -9 per cent

5. Jumeirah Beach Residence, Palm Jumeirah, Jumeirah Village
Average decline: -8 per cent

Source: Asteco

All rights reserved to the initial publisher for Gulf news.
Collected and published by Arms &McGregor International Realty® editorial team. Get in touched with us at marketing@armsmcgregor.com