Rents in Dubai have reached a record high: the most affordable and expensive residential areas have been revealed

According to an industry report published on Thursday, rents in Dubai jumped by 26.6% compared to last year's figures, with average annual rates now reaching almost 90,000 dirhams for apartments and more than 260,000 dirhams for villas.

In September 2022, the average annual rent for apartments and villas reached 89,986 dirhams and 268,758 dirhams, respectively, according to the latest survey of the Dubai residential real estate market conducted by CBRE consulting company.

According to the report, the most expensive places to rent are in the Palm Jumeirah area (231,397 dirhams) for apartments and Al Barari (946,270 dirhams) for villas.

CBRE calculated the rates based on the average sizes of apartments and villas for all types of apartments.

Here is a list of the most affordable places to rent (the figures show the average annual prices for apartments):

International City: 30,703 dirhams UAE

Dubailand Residential Complex: 36,819 dirhams UAE

IMPZ: 39,786 dirhams UAE

Dubai Sports City: 42,824 dirhams UAE

Arjan: 44,880 dirhams UAE

Dubai Silicone Oasis: 48,518 dirhams UAE

Discovery Gardens: 48,569 dirhams UAE

Jumeirah Village Circle: 55,852 dirhams UAE