Dubai Rents increase by 20%. How to find affordable homes?

Dubai, the city of skyscrapers and modern architecture, has seen a significant surge in its real estate market, particularly in terms of rents. Many areas in Dubai have experienced hikes of up to 20%, making it increasingly difficult for residents to find affordable housing options. This has led to a growing demand for cost-effective housing solutions. But there are still areas in Dubai that offer budget-friendly options.

So, here are some tips and tricks to find some affordable homes in Dubai

Skip the prime Locations

One of the ways to find an affordable home in Dubai is to look for communities that are not located in prime areas. For instance, communities such as International City, Discovery Gardens, and Warsan Village offer relatively low rents compared to other parts of the city. These communities may not have all the amenities and facilities of upscale neighbourhoods, but they do offer a cost-effective solution for those who are looking to save money on rent.

Old is Gold

Another way to save money on rent is to consider apartment complexes in older buildings or those located in less popular neighbourhoods. While these buildings may not have the latest facilities, they often offer lower rents than newer buildings. Moreover, some of these older buildings have a charm and character that is hard to find in newer developments.

Sharing is Caring

It is also worth considering sharing an apartment with roommates to reduce costs. Sharing an apartment with mates can result in significant savings on rent and other household expenses, making it a popular option for many residents in Dubai. Moreover, it can also offer an opportunity to make new friends and expand one’s social circle.

Research is the Key

When it comes to finding an affordable home in Dubai, it is important to do thorough research and compare prices. With so many options available, it can be difficult to know where to start, but doing some research and comparing prices can help narrow down the options and find the right fit. It is also worth noting that rents in Dubai can vary depending on the time of year, with some landlords offering discounts during the summer months when demand is lower.

In conclusion, despite the challenges posed by rising rents, Dubai remains an attractive destination for those looking for employment opportunities and a high standard of living. With a growing population and a thriving economy, the demand for housing in Dubai is only set to increase, making it important for residents to find a cost-effective solution. With some careful planning and research, it is possible to find an affordable home in Dubai that offers a high standard of living and a sense of community. Whether you are looking for a budget-friendly option or a more luxurious experience, Dubai has something to offer everyone.