Owing to its almost tax-free environment, several employment opportunities, and never-ending lifestyle options, the UAE has become one of the favourite countries to relocate to. The growing demand for properties for rent in UAE testifies to this fact.
From towering developments to villa communities, from man-made islands to pristine beaches, and from vast deserts to open green stretches – the country has it all. A stable economy, a safe environment, and entrepreneurial opportunities are other factors that attract foreigners. To meet the accommodation needs of the growing population, private developers have injected a hefty amount into the real estate sector. Therefore, there is no dearth of options when it comes to selecting rental properties in UAE.
Depending upon your personal preferences, budget, and space requirements, one can easily pick a property for rent. The majority of people prefer apartments and flats. However, you can also find villas communities across the country. Apartments for rent come in various sizes and configurations (depending upon the city and development). Most apartment developments offer shared communal facilities. Examples are a swimming pool, kids’ play area, gym, and dedicated parking spots for residents.
When it comes to villas for rent, you can easily choose one based on its location, facilities, architectural style, property condition, and configuration. Then, there are townhouses, penthouses, and duplexes. All these UAE rental properties are available in different configurations and furnishing options.
The UAE offers a lavish lifestyle to its residents. You can find property for rent everywhere across the country. However, most tenants prefer Dubai and Abu Dhabi. The reasons are the employment opportunities and luxury lifestyles. Sharjah makes for a more suitable option if you are looking for affordable properties for rent in the United Arab Emirates. It lies closer to Dubai. This allows people to work in Dubai and live in Sharjah to cut down on their living costs. Ajman, Ras Al Khaimah, and Umm Al Quwain also have affordable rental properties.
Overall, property rent in the UAE has increased due to the influx of new expatriates in the country post-Covid-19 pandemic. Furthermore, the increase in demand for properties for rent in UAE has also resulted in the rent increase after the successful Dubai Expo 2020 event.
Generally, the annual rent can be between AED 14,000 and AED 195,000 for apartments in Dubai, depending on the location and the layout. The rent for villas will be on the higher side. In Abu Dhabi, the annual rent for apartments starts from AED 106,630 and can go all the way up to AED 123,890. For villas, the average rent falls between AED 96,670 and AED 105,000. For affordable properties for rent in UAE, you can look for options in other emirates. The rent can fluctuate in case of choosing a property according to your requirements and budget.