The average price of renting a villa in Dubai increased went up by 25.7% this year, according to information released by CBRE.
As of October, the average asking price to rent a villa in the city was AED273,740, the real estate specialist said in its monthly snapshot of property prices. The most expensive place to rent a villa is Al Barari, where average rents registered AED 956,174.
Check out the list below of the 10 most expensive areas to rent a villa in Dubai.
Al Barari
Average price: Average rent: AED 956,174
AED/Sq.Ft: 72
Palm Jumeirah
Average price: AED954,384
AED/Sq.Ft: 145
Emirates Hills
Average price: AED907,951
AED/Sq.Ft: 94
Jumeirah Islands
Average price: AED601,476
AED/Sq.Ft: 72
Jumeirah
Average price: AED525,231
AED/Sq.Ft: 66
Green Community (DIP)
Average price: AED374,754
AED/Sq.Ft: 51
Jumeirah Golf Estates
Average price: AED362,605
AED/Sq.Ft: 87
The Meadows
Average price: AED325,432
AED/Sq.Ft: 68
The Villa
Average price: AED287,286
AED/Sq.Ft: 46
Living Legends
Average price: AED286,777
AED/Sq.Ft: 36
Dubai real estate sales
In the sales market, however, average prices rose by 9.2%, in the year to October, with villas faring slightly better with an average increase of 13% compared to 8.5% for apartments.
In Dubai, average apartment prices reached AED 1,149 per square foot, and average villa prices AED 1,359 per square foot.
Palm Jumeirah remains the most expensive location for villas in Dubai with an average price of AED 3,704 per square foot.
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