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    • Areas with the biggest rent declines in 2019
    • PROPERTYEPORTAL HOUSE PRICE INDEX
      March 2020
    •   -1.3%
      Monthly Change
    •   -6.7%
      Annual Change
    • Palm Jumeirah
    •   -0.08%
      Monthly Change
    •   -0.9%
      Annual Change
    • Motor City
    •   -0.06%
      Monthly Change
    •   -0.7%
      Annual Change
    • Jumeirah Golf Estates
    •   -0.04%
      Monthly Change
    •   -0.5%
      Annual Change
    • Jumeirah Village Circle
    •   -0.04%
      Monthly Change
    •   -0.3%
      Annual Change
    • Jumeirah Beach Residence
    •   -0.017%
      Monthly Change
    •   -0.2%
      Annual Change
    • Jumeirah Lakes Towers
    •   -0.06%
      Monthly Change
    •   -0.7%
      Annual Change
    • Jumeirah Park
    •   -0.03%
      Monthly Change
    •   -0.3%
      Annual Change
    • Jumeirah Islands
    •   +0.03%
      Monthly Change
    •   +0.3%
      Annual Change
    • International City
    •   +0.03%
      Monthly Change
    •   +0.2%
      Annual Change
    • IMPZ
    •   -0.03%
      Monthly Change
    •   -0.3%
      Annual Change
    • Emirates Living
    •   +0.04%
      Monthly Change
    •   +0.3%
      Annual Change
    • Dubai Silicon Oasis
    •   -0.09%
      Monthly Change
    •   -1.1%
      Annual Change
    • Dubai Sports City
    •   -0.08%
      Monthly Change
    •   -0.9%
      Annual Change
    • Dubai Marina
    •   +0.09%
      Monthly Change
    •   +0.1%
      Annual Change
    • Dubai Land
    •   -0.08%
      Monthly Change
    •   -0.9%
      Annual Change
    • Dubai Investments Park
    •   -0.12%
      Monthly Change
    •   -1.4%
      Annual Change
    • Dubai Festival City
    •   -0.06%
      Monthly Change
    •   -0.7%
      Annual Change
    • DIFC
    •   -0.075%
      Monthly Change
    •   -0.9%
      Annual Change
    • Downtown Burj Khalifa
    •   -0.05%
      Monthly Change
    •   -0.6%
      Annual Change
    • Discovery Gardens
    •   +0.03%
      Monthly Change
    •   +0.2%
      Annual Change
    • Business Bay
    •   -0.09%
      Monthly Change
    •   -0.1%
      Annual Change
    • Barsha Heights (TECOM)
    •   -0.02%
      Monthly Change
    •   -0.2%
      Annual Change
    • Arabian Ranches
    •   -0.1%
      Monthly Change
    •   -1.2%
      Annual Change
    • Al Furjan
    •   -0.09%
      Monthly Change
    •   -1.1%
      Annual Change
    May 22nd 2019dubai real estate, Dubai residential properties, rent declines in Dubai, rent home in Dubai, Renters in Dubai

    Areas with the biggest rent declines in 2019

    Discover where Dubai rent prices fell the most in the first quarter of 2019. 

    A new report has shed light on where rents in Dubai have declined in the first quarter this year, revealing Jumeirah Lake Towers (JLT) and Jumeirah Village to be among the areas with the biggest decline in annual rent. 

    Shared by property services company Asteco, it displays how rent in Dubai between January and March 2019 has fallen by an average of 3 percent for apartments and villas, compared to quarter four in 2018. 

    A quick search on property listing websites will demonstrate just how much rents have fallen in expatriate communities; for instance, a 2 bedroom unit in the Springs in 2017 was worth AED 130,000 in rent. Today, prices can be found from AED 95,000 to AED 115,000. 

    The cost of renting an apartment in JLT and Jumeirah Village is down by 16 percent, versus the same period last year. Annual rents in Dubai Sports City and The Greens have dropped a huge 14 percent, compared to quarter one of 2018. 

    According to the report, villa rental prices in The Lakes, Mirdif and Jumeirah Village have seen a decline of 14 percent, and The Meadows has also seen one of the biggest declines in rent. 

    Areas with the biggest rent declines in Dubai 

    If you’re thinking of moving or renegotiating your rent, here’s an overview of how rental rates have changed across all major communities in Dubai: 

    Apartments 

    DIFC: -10% 

    Downtown: -10% 

    Palm Jumeirah: -12% 

    Sheikh Zayed Road: -10% 

    Business Bay: -13% 

    Dubai Marina: -8% 

    The Greens: -14% 

    Jumeirah Beach Residence (JBR): -12% 

    JLT: -16% 

    Deira: -10% 

    Discover Gardens: -11% 

    Dubai Sports City: -14% 

    International City: -9% 

    Jumeirah Village: -16% 

    Villas 

    Arabian Ranches: -8% 

    Dubai Silicon Oasis (Cedre Villas): -3% 

    Dubai Sports City: -8% 

    Jumeirah: -8% 

    Jumeirah Park: -6% 

    Jumeirah Village: -14% 

    The Meadows: -10% 

    Mirdif: -14% 

    Palm Jumeirah: -9% 

    The Springs: -10% 

    The Lakes: -14% 

    Umm Suqeim: -8% 

    All rights reserved to the initial publisher ExpatWoman.com.

    Collected and published by propertyeportal.com editorial team. Get in touch with us at [email protected]