Dubai rents: 10 most expensive places for villas and apartments

The average price of renting property in Dubai climbed 28.5% between January 2022 and the same month this year.

Renting a villa in Dubai remains considerably more expensive than an apartment, with average prices being almost three times as much.

Dubai rent increases

As of January 2023, the average annual apartment and villa rents reached AED98,307 ($26,767) and AED290,242 ($79,025), respectively.

Taimur Khan, Head of Research – MENA at CBRE in Dubai, said: “Average rents have continued to increase at a historic rate, where in the 12-months to January 2023 rents increased by 28.5%.

“While the annual rate of growth is at record highs, we are seeing that an increasing number of listings in core communities are starting to decrease their listed price, indicating that in parts the market is reaching its top.”

10 most expensive places to rent a villa in Dubai

• Palm Jumeirah – average rent is AED1,032,763, up 1.6% on last month
• Al Barari – average rent is AED981,396 up 4.9%, on last month
• Emirates Hills – average rent is AED848,754, down 1.8% on last month
• Jumeirah Islands – average rent is AED617,059, up 4.5% on last month
• Jumeirah – average rent is AED507,459, up 3.9% on last month
• Green Community (DIP) – average rent is AED393,017, up 1.7% on last month
• Jumeirah Golf Estates – average rent is AED381,713, up 3.3% on last month
• The Meadows – average rent is AED332,375, up 3.5% on last month
• The Villa – average rent is AED298,078, up 0.7% on last month
• Living Legends – average rent is AED293,547, up 2.4% on last month

Palm Jumeirah stands out as the most expensive place to rent a villa in Dubai, and the only location where the average price tops AED1m a year.

Upscale neighbourhoods Al Barari and Emirates Hills follow at AED981,396 and AED848,754 respectively.

10 most expensive places to rent an apartment in Dubai

• Palm Jumeirah – average rent is AED258,529, up 4.1% on last month
• Downtown Dubai – average rent is AED218,840, up 2.7% on last month
• The Old Town – average rent is AED187,498, up 3.1% on last month
• Dubai Marina – average rent is AED172,214, up 3.8% on last month
• Jumeirah – average rent is AED163,784, up 4.1% on last month
• Jumeirah Beach Residence – average rent is AED158,340, up 3.4% on last month
• DIFC – average rent is AED156,633, up 4.2% on last month
• The Views – average rent is AED140,161, up 4.7% on last month
• Dubai Festival City – average rent is AED131,279, down 4.60% on last month
• The Greens and The Views – average rent is AED128,977 4.8%, up on last month

Palm Jumeirah also tops the list of the most expensive places to rent an apartment in Dubai.

The artificial manmade island is followed by the Downtown and Old Town neighbourhoods, where annual rents come to an average AED218,840 and AED187,498 respectively.