Business Bay, Al Barsha South, International City, Al Karama and Dubai Marina will remain popular communities for apartments on rent in 2022
According to a survey, Arabian Ranches 2, Damac Hills, and Jumeirah Islands are expected to remain popular villa communities for rent this year, while Business Bay, Al Karama, and Dubai Marina are expected to dominate the apartments segment due to their prime locations at affordable prices.
According to the most recent CBRE Dubai Residential Market Snapshot data, Zoom Property Insights reported that average rents in the Emirate increased 10.1 percent in the year to January, with apartment rents increasing 8.3 percent and villa rents increasing 22.8 percent, respectively.
Popular villa neighborhoods
Despite a 4.01 percent increase in rent, Arabian Ranches 2, a premium villa community, will continue to attract tenants this year. It is expected to maintain its dominance in 2022 as more people seek larger and more spacious homes in Dubai.
Damac Hills and Jumeirah Islands, with rent increases of 1.58 percent and 5.95 percent, respectively, are expected to remain popular with villa renters in 2022.
The transition of Expo 2020 into District 2020, which will be open to tenants by the end of the year, will assist Dubai South in maintaining its strong momentum. Last month, the villa segment in the area increased by 3.39 percent.
The recent 1.34 percent decrease in the average rent of Palm Jumeirah’s Garden Homes will attract tenants looking for ultra-luxury homes with spectacular waterfront views.
Jumeirah Village Circle, The Springs, Jumeirah Village Triangle, Dubai Sports City, and Dubai land are other communities that are expected to perform well in the villa market.
source: Khaleej Times
