Residential Rental Hot Spots in Dubai for year 2013
Arabian Ranches offers exclusive lifestyle facilities in variety of freehold villas and townhouses. It is established in the heart of desert located on Emirates roads, which heads to Abu Dhabi, Al Ain and Dubai. Residents can enjoy fine dining, exotic bars and entertainment/retail facilities within the community. For year 2013 rental rate for villas showed 22% hike.
It is a housing development, which consist of 50 small islands. 46 clusters are exclusively used for residential purposes whereas remaining four clusters are used for Club House, restaurant, supermarket, gym and leisure facilities. Each residential cluster comprises of 16 villas. Recent rent index showed total percentage rise of 6.4% in villa rental rate.
The project itself considered as the 8th wonder of the world. This destination is known to provide highly luxurious living in collection of villas and apartments. It provides idyllic beachfront residences for luxury lovers. In year 2013 this community has earned the status of highly prices community to rent a villa. Rental rates for four-bed villa units ranges between AED300,000 and AED400,000 per annum.
The Greens is a residential project of Emaar Builders consists of mid-rise apartment buildings that provide studios and one to four bedroom apartments. The project is located in close proximity to the Emirates Golf Club, Dubai Internet City and Dubai Media City. Highest rise around 28% in rent has observed for 2 bed apartments, 22% for studios and 15% for one bedroom apartments. This community is very famous among expats.
Dubai Marina is the world largest man-made Marina. This neighborhood is also famous as new Dubai. Most of the Western and European expats prefer to live here as it offers stunning accommodation in high rise towers along with finest restaurants. Emaar built 6 high-end towers in this Marina that provide luxury accommodation and premier retail outlets. It is also showing 18% rise in rental rates for two bedroom apartments.
Downtown Dubai is a dazzling and ultra modern neighborhood that strongly supports Emirate’s image as a global player. It offers urban lifestyle amenities, incredible entertainment and tourism spots. Accommodation options include villas and apartments, which are located among stunning retail and entertainment spots. This community houses world’s largest mall, The Dubai Mall, world’s largest aquarium, iconic Burj Khlifa, The Address Hotel and residences. It comes on third position in terms of rental rise. Total 16% hike in rental cost for two bedroom apartments has observed.
Residents are showing great interest to find accommodation in areas that are well connected with main roads and metro stations. Further they also consider accessibility to retail and entertainment amenities in area.