Dubai rents are increasing at record rates. These are the 10 most expensive neighborhoods for villas and apartments in the city. Dubai rents saw an all-time record increase in prices in the past 12 months, according to real estate analyst CBRE. Renting a villa in Dubai remains considerably more expensive than an apartment, with average prices being almost three times as much. As of January 2023, the average annual apartment and villa rents reached AED98,307 ($26,767) and AED290,242 ($79,025), respectively.
Average rents have continued to increase at a historic rate, where in the 12 months to January 2023 rents increased by 28.5%.
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.
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 neighborhoods Al Barari and Emirates Hills follow at AED981,396 and AED848,754 respectively.