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Sunday, 22 November 2009 02:34 UAE time

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RERA's April 2009 rental index

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Thursday, 30 April 2009


The rental value of residential apartments - Per Thousands      
# Areas Studio One B/R Two B/R Three B/R Four B/R Rent change**
1 Jumeirah Lakes Towers 60-70 65-100 90-125 140-170 170-190 -44.9%
2 Dubai Investment Park 40-45 55-60 70-80 ..... ..... -43.4%
3 Dubai Silicon Oasis 40-55 50-60 75-80 90-100 ..... -42.6%
4 Al Buteen 50-65 65-80 98-110 80-90 ..... -34.6%
5 Al Muraqqabat 50-65 65-85 80-120 105-140 ..... -31.0%
6 Al Riqqa 50-60 65-85 80-120 105-140 ..... -31.0%
7 Al Garhoud 50-60 65-75 80-110 95-105 ..... -30.8%
8 Mirdif 45-65 65-75 80-100 105-115 ..... -28.0%
9 Al Jafeliah 40-45 45-55 65-85 90-120 .... -26.8%
10 Greens 55-70 90-110 120-140 160-200 220-240 -25.3%
11 Al Huamriya 45-60 60-80 80-100 110-150 150-170 -25.0%
12 Al Hudaiba 45-55 60-70 80-100 100-130 130-150 -25.0%
13 Discovery Gardens 45-50 60-70 90-125 ..... ..... -21.8%
14 Rigga Al Buteen 45-65 65-90 70-110 105-120 ..... -21.7%
15 Al Qusais 42-47 58-68 70-95 90-105 ..... -21.4%
16 Al Muteena 45-60 55-65 80-95 90-110 ..... -20.5%
17 Palm Jumeirah ..... 95-135 160-200 175-210 280-300 -20.0%
18 Green Community 55-60 80-90 110-125 150-170 ..... -19.0%
19 Port Saeed 45-55 65-75 70-100 95-115 ..... -19.0%
20 Al Nahdah 35-45 53-65 68-78 80-90 ..... -18.9%
21 Al Refaa 45-65 60-80 90-105 105-140 130-160 -18.8%
22 Al Warqaa (Buildings) 35-45 46-66 70-80 80-150 ..... -16.7%
23 Dubai Marina 65-75 80-120 120-160 160-200 220-240 -15.2%
24 International City 35-45 45-50 70-80 ..... ..... -14.3%
25 Hor Al Anz East 45-60 57-85 90-100 110-130 ..... -13.6%
26 Al Badaa 40-50 55-70 70-90 .... .... -13.5%
27 Hor Al Anz 40-50 50-60 70-80 75-100 ..... -11.8%
28 Abu Hail 40-50 50-70 70-80 95-105 ..... -11.8%
29 Trade Center 2 60-70 80-90 100-140 135-165 .... -11.1%
30 Trade Center 1 60-70 80-90 100-140 135-165 .... -11.1%
31 Al Souq Al Kabeer 45-55 60-70 75-85 100-130 .... -11.1%
32 Al Musalla 45-55 60-70 75-85 100-130 .... -11.1%
33 Al Muhaisna Fourth 35-45 50-60 60-70 80-90 ..... -10.3%
34 Jumeirah Beach Residence 75-90 100-125 140-160 160-200 230-250 -9.1%
35 Dubai Tower / Downtown 80-85 100-165 175-200 200-260 220-280 -8.5%
36 Al Murar 35-45 50-60 60-70 75-85 ..... -7.1%
37 Al Sabka 40-45 50-60 65-75 90-100 ..... -6.7%
38 Satwa 40-50 55-70 70-110 .... .... -2.7%
39 Gardens ..... 70-75 100-115 130-140 ..... 0.0%
40 Al Baraha 35-45 45-60 65-75 85-95 ..... 0.0%
41 Ayal Nasir 40-50 60-70 70-80 75-85 ..... 0.0%
42 Umm Hurair 50-60 60-90 85-115 120-140 .... 0.0%
43 Al Mankhool 45-65 70-80 85-125 120-150 150-170 0.0%
44 Oud Metha 55-65 65-95 95-125 105-140 .... 2.3%
45 Al Ras 40-50 55-70 70-80 80-85 ..... 3.1%
46 Al Barsha 50-55 65-85 95-115 110-140 .... 5.0%
47 Al Daghaya 35-45 45-60 70-80 75-85 ..... 6.7%
48 Naif 35-45 46-58 65-75 80-90 ..... 13.3%
49 Al Karama 45-55 65-85 100-110 105-135 140-160 16.7%

**Based on a two-bedroom apartment.

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READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.
Our landlord has increased our rent by 15%
Posted by Vanessa, Dubai, UAE on Sunday 25 October 2009 at 15:33 UAE time


Our landlord has increased our rents by 15% and now we have also have to do the maintenance for the flats , And when we asked for a reduction in rent they mention its the RERA law and they can increase up to 15%?? Is this true? These are small old buildings with no amenities and no parking do you think a Aed 7300 hike during these hard times is worth it???
What is the basis of the rent structure all old and new buiding follow the same ??? Not fair as old building are small and have no amentities so why treat them the same
a way round the rent increase
Posted by Tony, dubai, uae on Monday 29 June 2009 at 06:35 UAE time


my landlord has got around this RERA index. Not happy as he cannot raise the rent, he has now introduced a service charge of 20%. RERA has not really done anything. Landlords easily get round the letter of the law. That is sad for Dubai in the long run.
al musalla
Posted by punam, dubai, uae on Wednesday 6 May 2009 at 07:52 UAE time


in musalla area there ar building which are new with all facilities and there are old building with no facilities ...on what basis the rent structure will be same?
Rera rent index disparity
Posted by priya, dubai, uae on Sunday 3 May 2009 at 15:57 UAE time


There seems to be some discrepancies in the rent index, with Springs being quoted at a discount to Arabian ranches and green community despite the fact that Springs is much more central in terms of location and much better established in terms of community and infrastructure. Not sure what were the factors guiding the indicative rents. Springs is definitely the most favored community highly in demand.

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