Dubai: Rent a villa for Dh37,000 to Dh85,000 in these areas

Latest trends indicate that Dubai tenants have been increasingly moving from apartments to villas and townhouses since the outbreak of the Covid-19 pandemic.

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The trend is driven by families' need to have more space. Several residents continue to work from home and their children learn online.

This change in tenants’ preference was reflected in data released by Chestertons, which suggested that apartment rentals dropped 12.4 per cent, while villa rents fell just 5.3 per cent last year.

Lynnette Abad, Director of Research and Data, at Property Finder, said that at the beginning of the pandemic, searches for villa/townhouses increased 400 per cent, while those for apartments declined.

“We also predicted pent-up demand as we knew soon-to-be buyers were going to purchase properties due to attractive prices in the market and also the lowest mortgage rates we have ever seen. Since then, we have seen the results of this by having record-breaking months in November and December of 2020 for secondary/ready property," said Abad.

Aditi Gouri, head of strategic consulting and research at Cavendish Maxwell, said after the movement restrictions ended in Dubai, there was a clear shift in demand from apartments to townhouses and villas, as people seek larger living areas with outdoor spaces.

“With the increase in demand outpacing supply and availability in case of villas/townhouses, landlords have been able to successfully demand one-cheque payments and even increase rents in some cases,” she said.

Below is a list of areas where villas and townhouses are available for annual rents of between Dh37,000 and Dh85,000 (courtesy: Property Finder).

>> Dubai South

Rent: Dh37,000 for 2-bedroom

Why Dubai South: A masterplanned community, Dubai South is preferred by those who want to be in close proximity to Al Maktoum International Airport. It is also a popular location for its proximity to Expo 2020 site. The recently-launched Dubai Metro’s Expo 2020 route makes this place more attractive for residents.

>> Area: Akoya

Rent: Dh40,000 for 3-bedroom

Why Akoya: A luxury project by Damac, people find this place peaceful. It is located in the well-established community in Damac Hills.

>> Area: Jumeirah Village Circle

Rent: Dh70,000 for 1-bedroom

Why JVC: This area is a prime residential area. It is popular among residents who work close to the Expo 2020 site and Al Maktoum International Airport. The area is preferred by families with kids, thanks to a variety of schools in the area.

waheedabbas@khaleejtimes.com