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Thu 22 Oct 2009 02:16 PM

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RERA's October 2009 rental index

Your guide to the latest RERA index of Dubai rental values.

The rental value of residential apartments#AreasStudioOne B/RTwo B/RThree B/RFour B/R1 Abu Hail 25-35 40-50 60-70 75-85 - 2 Al Badaa 35-50 55-70 65-90 95-125 - 3 Al Badia (Dubai Festival City) - 120-130 160-180 190-210 220-240 4 Al Baraha 35-45 45-55 60-70 85-95 - 5 Al Barsha 40-45 50-70 75-90 100-120 - 6 Al Buteen 40-50 55-65 65-75 80-90 - 7 Al Daghaya 35-45 45-55 60-80 75-85 - 8 Al Garhoud 30-40 45-55 80-100 95-105 - 9 Al Ghusais 25-35 35-45 55-65 70-80 - 10 Al Hamriya 45-50 60-80 80-120 110-170 150-170 11 Al Hudaiba 40-50 60-70 70-100 100-130 130-150 12 Al Jafliyah 35-45 55-70 65-85 90-110 - 13 Al Karama 40-50 65-80 90-110 105-135 140-160 14 Al Mamzar 30-40 45-55 65-75 75-95 - 15 Al Mankhool 40-50 70-80 85-125 120-150 150-170 16 Al Muhaisnah 4 25-35 40-50 50-60 60-70 - 17 Al Muraqqabat 30-40 55-65 70-110 100-140 130-170 18 Al Murar 30-40 45-55 60-70 75-85 - 19 Al Musalla 45-50 60-75 75-115 100-135 - 20 Al Muteena 25-35 45-55 50-60 65-75 - 21 Al Nahda 25-35 35-45 45-65 65-75 - 22 Al Rafaa 45-50 60-80 85-105 105-140 130-160 23 Al Ras 35-45 60-80 80-85 - - 24 Al Riqqa 30-40 55-65 70-110 100-140 130-170 25 Al Sabkha 30-40 45-55 60-70 90-100 - 26 Al Souq Al Kabeer 45-55 60-70 75-85 90-130 - 27 Al Sufouh - 60-70 85-105 - - 28 Al Warqaa 25-35 40-50 55-65 70-80 - 29 Al Wasl 50-55 70-90 100-120 115-145 - 30 Al Wuheida - - 50-60 - - 31 Ayal Nasir 30-40 45-55 60-70 75-85 - 32 Discovery Gardens 40-45 55-65 80-105 - - 33 Downtown Burj Dubai 55-65 70-110 115-155 160-200 200-250 34 Dubai Healthcare City - 80-100 100-120 130-150 - 35 Dubai Investment Park 35-45 50-60 65-75 - - 36 Dubai Marina 45-60 70-110 110-160 140-200 220-240 37 Dubai Silicon Oasis 35-45 50-55 65-75 80-90 - 38 Green Community 45-55 65-85 90-120 135-165 - 39 Hillside (Dubai Festival City) 70-80 125-135 170-190 210-230 - 40 Hor Al Anz 25-35 40-50 55-65 65-75 90-110 41 Hor Al Anz East 30-40 45-55 65-75 75-95 100-140 42 IMPZ 30-40 45-55 60-70 - - 43 International City 30-35 40-50 60-70 - - 44 International City (CBD) 30-35 40-50 60-70 - - 45 Jumeirah 50-55 70-80 85-115 - - 46 Jumeirah Beach Residence 60-75 80-100 110-135 140-165 190-220 47 Jumeirah Lakes Towers 40-70 60-80 80-110 110-135 130-140 48 Marsa (Dubai Festival City) - 125-135 170-190 210-230 245-275 49 Mirdiff 35-45 60-70 80-100 105-115 - 50 Motor City 40-45 55-65 75-85 - - 51 Naif 30-40 45-55 65-75 80-90 - 52 Oud Metha 40-45 65-75 95-125 105-140 - 53 Palm Jumeirah - 90-125 130-165 170-200 280-350 54 Port Saeed 30-40 45-55 70-100 95-115 120-160 55 Riqqa Al Buteen 35-45 60-70 70-100 100-120 130-170 56 Satwa 35-50 55-70 65-90 95-125 - 57 The Gardens - 66-72 100-108 117-127 - 58 The Greens 45-55 60-90 100-130 130-160 170-200 59 Trade Center 1 60-70 75-90 100-140 135-165 - 60 Trade Center 2 55-65 75-90 100-140 135-165 - 61 Umm Hurair 40-50 60-80 85-115 120-140 - 62 Umm Suqeim 50-55 70-80 85-115 - - The rental value of residential villas#AreasTwo B/RThree B/RFour B/RFive B/RSix B/R1 Abu Hail - 115-135 145-165 170-180 - 2 Al Badaa 120-130 140-180 180-220 210-250 - 3 Al Baraha - 130-140 145-165 160-180 - 4 Al Barsha Residential 130-150 170-200 190-230 240-280 270-310 5 Al Garhoud - 140-180 200-210 190-230 - 6 Al Ghusais - 120-140 130-150 150-170 - 7 Al Hudaiba 100-120 130-160 150-170 180-200 - 8 Al Jafliyah 90-110 110-140 130-160 150-180 - 9 Al Khawaneej - 130-160 160-170 190-210 - 10 Al Makhool 110-120 140-170 200-240 240-270 260-310 11 Al Manara 135-165 170-190 200-250 250-290 280-320 12 Al Mizhar - 130-150 150-170 180-210 - 13 Al Muhaisna 1 - 130-150 150-170 165-200 - 14 Al Muteena - 110-1630 140-160 180-200 - 15 Al Quoz Residential 120-140 140-170 180-210 200-240 230-280 16 Al Rashidya - 120-140 130-170 155-185 - 17 Al Safa 130-150 160-200 200-240 240-280 270-310 18 Al Sufouh 130-150 170-200 220-250 260-290 - 19 Al Tawar - 130-160 155-175 195-205 - 20 Al Warqaa - 130-150 150-170 175-205 - 21 Al Wasl 130-160 170-190 200-240 240-280 270-310 22 Al Wuhaida - 115-135 135-145 160-180 - 23 Arabian Ranches 100-130 130-190 200-240 250-320 280-360 24 Green Community - 150-180 170-200 230-240 250-270 25 Hor Al Anz - 100-120 140-160 160-190 - 26 Jumeirah 140-160 180-220 270-310 280-350 310-370 27 Jumeirah Islands - 220-280 270-290 300-320 - 28 Mirdiff (Complexes) 100-120 120-150 130-150 160-170 - 29 Mirdiff (Individual) - 140-170 150-180 170-200 - 30 Nad Al Hammar - 140-160 160-180 190-220 - 31 Nad Al Shamma - 120-140 130-170 155-185 - 32 Palm Jumeirah - 270-300 300-350 340-400 450-550 33 Satwa 100-130 140-180 180-220 210-250 - 34 The Gardens - 180-190 190-200 - - 35 The Lakes 135-145 150-250 240-280 270-330 350-500 36 The Meadows - 190-210 220-240 260-280 280-330 37 The Springs 90-120 140-160 160-180 - - 38 Umm Al Sheif 135-165 170-200 200-250 250-290 280-320 39 Umm Suqeim 140-175 180-220 270-320 290-360 320-380

Jebel Ali Baba 10 years ago

This RERA index is a joke. Most of the prices in it are double as high like in reality. And it does not mention the condition and age of the buildings. Indexing just by location will never work

Mirdiff Mary 10 years ago

The Mirdiff prices are not the prices at Uptown Mirdiff. Uptown Mirdiff is still higher by 10% to 20% than this index. And since I live at Uptown Mirdiff does this index mean that when it comes time for my renewal that my landlord needs to reduce by 2 bedroom which is at 120K down to 100K?

Fad 10 years ago

i think what they are trying to do is to boost the market, The numbers mentioned are unrealistic. I do not think that they are seeing what is happening to market. The prices are much higher than reality. This is all a joke

Prakash P P 10 years ago

As usual, RERA has no idea what the real market values are, or they are intentionally trying to keep the rents high. How can the rents be flat across the board for any area, the age of the buildings, the size of the apartments, the parking spaces provided along with the facilities that are provided have to be considered. Brand new buildings are offering cheaper rents as they need the rent out the apartments asap. The landlords of buildings that are already occupied, don't mind keeping a few apartments unoccupied because if they offer them at lower pricers, all the other tenants would ask for a reduction as well. RERA has to go back to the drawing board & come up with something that is fair & Logical. So far I have seen nothing responsible or practical come out of RERA, it seems the decision makers are living in a dream world somewhere.

Ajay 10 years ago

These rents are higher than the market rates... in Al Hamriya, studios cost 40K... here the minimum is 50k as per Rera.... The good one BHKs cost around 55K, the rera index shows minimum 60k... looks like RERA's sole pupose is to help the landlords and not the tenants...

Punky Brewster 10 years ago

I think RERA is no longer an authority to decide HOW much the rent should be, considering they are supposed to be helping the Tenants as well! Think about it - RERA is the govt authority to arbitrate in cases, NOT Price the properties AND arbitrate as well. No wonder the Landlords can get away with murder. Besides, MY best guess - these INFLATED rents are for a reason, which is the 5% tax the DXB Municipality gets. I'm sure all the leases have to go through RERA for approval, and therefore, they have priced the properties so as to be showing a SURPLUS revenues in Municipal Tax. Anywhere in the world, since DXB has a HABIT of comparing themselves to Paris or Singapore or London, there are NO govt authorities that evaluates the prices of finished properties. ONLY in DXB....

The Don 10 years ago

I rented 2 months ago 3 bedrooms apartment in Bersha 1 for AED 90000, the lowest average is 100,000... so it is higher by 10% Same building, highest rent for 2 bedrooms is 60,000 while the index is quoting 60,000 for the lowest average. Lowest rent is 45,000. So it is inflated by 25% 1 bedrooms are facing slow in demand and significant drop in rents... go to green community you and go to any building... many apartments are vacant and rents are dead cheap.

anon 10 years ago

well we rented a 4 bed in the marina for 175k in jun 09. same apts in my bldg are currently quoting anywhere between 130 - 150k. the lowest 4 bed in the marina is listed at 220k by rera. draw ur own conclusions....

MD 10 years ago

Folks, why are you surprised at the new rental index. Judging by the past actions of RERA, it is quite obvious that they are here to only protect the interests of the developers and landlords. Perhaps they have forgotten that they are regulators so that means they have to ensure that interests of tenants and investors too have to be protected. They couldn't be bothered that by continuing with such performance they are only harming the image and reputation of Dubai locally and globally.

P.Joseph Neville Fernando 10 years ago

Appreciate your regular update of rents applicable for all type of properties in Dubai as per current market conditions so that this will help to keep public confidence about your authority. However rent calaulator reflects only increase side & it does not reflect the decrease side.Under current market conditions rents are now in downward trend. As per RERA index if current rent falls below 25% or less rent increase does not applicable.Example, particular area rent slab is between 25000-30000 and suppose tentant pays above 30000, RERA does not force landload to reduce the rent for that tenant and still has to pay same rent. This is very unfair for tenant side. My suggestion is same like increase, decrease also should reflect in RERA calculator in percentage wise so that same to be followed by land lord when renewing the contact. Then RERA is reasonable for both landloard and tenant and there is no bias this will help to reduce disputes and increase public confidence.