UAE classified website dubizzle Property revealed that the cheapest area to rent an apartment near the beach is Al Satwa.
The report listed the cheapest and most popular rental prices in six handpicked areas located only 10 minutes away from Dubai beaches, including Jumeirah, Al Satwa, Al Badaa, Al Wasl, Jumeirah Beach Residence and Dubai Marina.
One-bedroom apartments near the beach in Al Satwa, adjacent to Jumeirah 1, had an average annual rental of AED68,000 between the January - September beach season this year, the report found.
Al Badaa - between Al Satwa and Jumeirah 1 - ranked in second at AED70,000, followed by Dubai Marina at AED99,000, Al Wasl at AED 109,000, Jumeirah at AED 120,000 and JBR at AED 121,000.
Two-bedroom apartments followed a similar trend, with rental prices for Al Badaa starting at AED 93K, Al Satwa at AED 99K, Dubai Marina at AED 144K, Al Wasl at AED 151K, JBR at 155K and Jumeirah at AED 186K.
Three-bedroom apartments for rent in JBR stood at AED166,000, with Dubai Marina averaging at AED201,000.
The findings were the top picks from over 64,580 properties for rent listed in these areas from January – September 2017.
Samer Abdin, general manager at dubizzle Property, said ideal beach locations are those that offer both entertainment and community facilities.
The most popular beachside areas amongst dubizzle Property users were Dubai Marina, recording over 29.2 million searches during the nine-month period, followed by JBR with 7.3 million searches, Al Satwa, with 2.9 million searches, Jumeirah with 1.7 million searches, Al Wasl with 670,0000 searches, and Al Badaa which recorded 495,000 searches, the report said.
Villas for Rent
For bigger families looking to remain in close proximity to the beach, rental prices for three-bedroom villas in Al Satwa start at an average of AED160,000, with properties in Al Badaa averaging at AED176,000, Jumeirah at AED 190,000 and Al Wasl at AED 271,000.
The average rental price for four-bedroom villas in Al Satwa, Al Badaa, Al Wasl, and Jumeirah were AED203,000, AED226,000, AED228,000 and AED249,000 respectively.
Nick Stockwell, partner at Mr & Mrs Stockwell boutique agency, said that in today’s market residents pay hefty rents for living in prime beach locations.
“As one of the oldest residential areas of Dubai, Jumeriah has had a reputation for high prices and poorer quality properties, However, this has changed in recent years and there are some exceptional and new villas available for rent from as little as AED220,000.
“However, if you want to be right on the beach expect a hefty premium in rent. Due to it being a “non-designated area”, Jumeirah and Umm Suqeim have many large scale and highly professional and responsible landlords.”
Property for sale
Those wanting to take one step further to invest in a property by the beach, should head to JBR, the report found, where one-bedroom apartments were the most affordable, starting at an average of AED 1.4 million, followed by Dubai Marina at AED 1.7 million.
Two- and three- bedroom prices average at AED 2.3 million and AED 2.6 million in JBR respectively; and AED 2.4million and 3.9 million in Dubai Marina.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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