2009 rental index prices revealed

by This email address is being protected from spam bots, you need Javascript enabled to view it on Tuesday, 20 January 2009

The rental value of residential villas - Per Thousands
#	Areas	Two B/R	Three B/R	Four B/R	Five B/R	Six B/R
1	Dubai Tower / Downtown	.....	.....	.....	.....	.....
2	Greens	.....	.....	.....	.....	.....
3	Dubai Marina	.....	300-320	.....	.....	.....
4	International City	.....	.....	.....	.....	.....
5	Green Community	.....	270-280	350-400	390-400	440-460
6	Jumeirah Beach Residence	.....	.....	.....	.....	.....
7	Palm Jumeirah	.....	350-400	400-500	500-700	.....
8	Jumeirah Lakes Towers	.....	.....	.....	.....	.....
9	Arabian Ranches	190-200	250-280	320-350	380-400	400-430
10	Jumeirah Islands	.....	.....	400-500	500-550	.....
11	Meadows	.....	300-320	330-400	420-500	.....
12	Springs	190-230	250-280	300-350	.....	.....
13	Gardens	.....	.....	.....	.....	.....
14	Discovery Gardens	.....	.....	.....	.....	.....
15	Dubai Investment Park	.....	.....	.....	.....	.....
16	Dubai International Financial Centre	.....	.....	.....	.....	.....
17	Dubai Silicon Oasis	.....	.....	.....	.....	.....
18	Al Garhoud	.....	200-240	220-280	280-320	.....
19	Al Muteena	.....	130-150	150-180	250-270	.....
20	Hor Al Anz	.....	120-140	160-200	220-260	.....
21	Abu Hail	.....	130-150	140-170	170-200	.....
22	Al Wahaida	.....	130-150	140-170	170-200	.....
23	Al Tawar	.....	160-180	170-200	200-240	.....
24	Al Rashidiya	.....	150-170	160-190	190-230	.....
25	Nad Al Hamar	.....	160-190	220-240	290-320	.....
26	Al Warga	.....	150-180	210-230	280-310	.....
27	Mirdif (Complexes)	.....	150-180	190-200	220-250	.....
28	Mirdif (Individuals)	.....	170-200	230-250	300-320	.....
29	Al Mezhar	.....	150-180	210-230	280-310	.....
30	Al Khawaneej	.....	150-180	210-230	280-310	.....
31	Al Muhaisna First	.....	150-180	210-230	280-310	.....
32	Al Qusais	.....	120-140	150-180	200-220	.....
33	Nad Shamma	.....	150-170	160-190	190-230	.....
34	Al Jafeliah	100-130	120-150	140-170	160-200	.....
35	Al Mankhool	105-135	125-250	220-350	300-450	.....
36	Al Hudaiba	110-140	130-160	150-180	170-210	.....
37	Al Quoz Industrial	150-180	170-210	200-250	240-290	.....
38	Al Badaa	150-200	170-220	210-260	250-290	.....
39	Al Wasl	160-210	180-240	220-280	250-300	.....
40	Al Safa	170-220	190-250	230-320	260-400	.....
41	Al Manara	170-220	190-250	230-320	260-400	.....
42	Umm Al Sheif	170-220	190-250	230-320	260-400	.....
43	Al Barsha Residential	150-200	220-270	250-300	300-400	.....
44	Jumeirah	240-290	250-280	340-410	380-450	.....
45	Umm Suqeim	250-300	290-360	350-420	400-470	.....

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Related: Dubai ruler issues decree to freeze rents in 2009

READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Rental Index
Posted by Sikander Shallwani, Dubai, UAE on Wednesday 4 March 2009 at 11:48 UAE time

I have read few comments about rental increase, most of people do not understand that the investor have put their life saving in real estate and many have bought these properties in 2007-2008 at high price which are far more than any expensive place like Los Angeles, or Tokyo.
The property I bought in Arabian Ranches with 30% down payment and balance from bank finance for 15 years. Rent simply do not cover in mortgage payment, and my property is down by 50%.
RERA should not involve much in this matter, if they want to see Dubai progress in future.
Sikander Shallwani

rents
Posted by tim, dubai, uae on Monday 2 March 2009 at 14:01 UAE time

rents have always been expensive, i paid 60k aed per year for a three bed in mirdif 12 years ago, i was only erning 12 k per month, 5k a month out of my salary was 40% ish, now you want to punish me more because i came to live here when their was nothing, long term xpats should be protected, as we took the chance on a developing country, its not a hardship posting anymore, thanks to the long term xpats.??????

High Rents
Posted by Aamir Shah, Sharjah, UAE on Monday 2 March 2009 at 11:11 UAE time

I am totally agree with Mr. Kent's comments, I have been living in UAE since 1981, and my father has seen the time when drinking water use to deliver on donkeys, till 2001-2 the rent were not so high, at least afforable, but now due the the greediness of agents, and landlords, Its almost impossible to live in comfortable accomodation with family. me and even my children has been brought up in 5 bedroom double story villa close to the beach in sharjah, and the rent was only 32000/- PA.

Rents And Banks
Posted by Anonymous, dubai, united arab emirates on Sunday 1 March 2009 at 00:45 UAE time

All i want to say is that the rents are increasing and people are just plain leaving tenants are told if u dont want to pay rent because of the increase dont pay the whole year but get out at the year end.Other than that banks arent helping after i continously kept in touch with them and whenever they called and told me to pay specific amount i would go and pay.After all the payments were made and i had got a verbal confirmation; 2 weeks later i get a call telling me that this bank has signed a case against me and when i reached there to show all the proof that i had paid off the dues they told me to forget what all i paid and pay the whole amount all over again and when i refused to do so they threatened me that they would put the security cheque in the police and then i would have to pay the whole credit card limit amount to the bank.this same issue has happened with 2 banks here in dubai.i have lost everything in paying off this bank and they casually told me to forget what all i have paid.they have verbally abused me on the phone.

i failed to pay one installment and they cashed my cheque and they cashed my 18000dhs cheque the amount was dhs8000 due.when i reached there to retrieve the remaining amount the person incharge verbally abused me in public and told me he will fine me dhs25 for every minute i stand there.when i went to the top level management they assured me they would give me my remaining amount back.its been over a year and no action has been taken.i am tired of reading about all the cries from public but no action taken by the government.They say it is recession but all they do is kill of what is left and force them out of the country.Media is the only source left for me to cry out for help.I hope there is still a heart beating in this country that would care and lend a helping hand.

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