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Average Dubai apartment rent rises to AED138,000

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You may have heard lots of rumours about rents falling, without actually seeing much change to the market. Real Estate website www.bayut.com have just released a new report on the UAE property market and it seems that Dubai rental costs are actually on the increase.

According to the report, the average annual cost of renting an apartment in Dubai, across all bedroom categories, at AED138,000. That’s three percent higher than in December 2015, when the site recorded the average rate at AED134,000.

Apparently cheaper areas are quickly gaining popularity, as residents are priced out of some of the more desirable areas.

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