Recently, there is a resurgence in the real estate market of Abu Dhabi and Dubai and it is now growing steadily. It recovered from the slow pace that has been witnessed in the past and expected to continue its healthy run. Such positive trend will definitely help the sale and rent markets in Dubai.
Generally, the average rate of apartments in Dubai ranges from 124,000 to 300,000 AED while studio apartments start from 56,000 AED. Indians are the largest overseas population in the country and some of the most popular areas for apartment renting in Dubai are Bur Dubai, Downtown Dubai, Al Nahda, Jumeirah Lake Towers (JLT), Dubai Marina etc.
The Dubai real estate market is maturing with many new projects being launched and the developers are concentrating on genuine end users and first-time home buyers.
Indians mainly show more interest in apartment renting with about 71% Indians preferring renting apartments compared to only 6% interested in villas.
The top 10 places in Dubai where the Indians currently preferring to get rented apartments are:
The Dubai Marina
This is a man-made marina offering an extravagant lifestyle with the affluent residential neighbourhood. A great place to live in, it is famous for the JBR Beach. It is a leisure complex having sandy stretches to relax along with al fresco dining.
Jumeirah Lake Towers
Jumeirah Lake Towers or JLT is a big residential project in Dubai, where 80 towers have been built along the edges of 3 man-made lakes. There are 8 towers of JLT Embankment which are facing the Jumeirah Islands.
This is the busiest hub of the city where the Burj Khalifa skyscraper is located with its observation deck. There are the dancing Dubai Fountain. Here you can see light and music show. A nice place to have your home.
Named after Beverly Hills this a good place to have your apartment. It is a gated community and a preferable location for the Indians.
It is a premium project with the desert theme set on 1650 acres of land with luxury homes and golf course. Great landscape yet close to Equestrian Club, Dubai Polo, and Burj Khalifa.
Dubai Sports City
This is a multi-venue sports complex developed by Dubai providing a perfect blend of recreational, leisure, retail and residential facilities. You will just love to stay here with amazing weekend activities.
It is a unique tree-shaped complex with posh apartments, hotels, beach clubs, nightclubs and restaurants.
Jumeirah Beach Residence
Also known as JBR, this is a 1.7 kilometres long waterfront community with 2 square kilometres of total floor area. A perfect place to have your apartment.
This is another great community offering a perfect blend of practical lifestyle, nature, and style. The apartments here have a fine terraced layout.
Another place that combines residential area with malls and other facilities. A convenient location to live in for Indians as well