Friday, December 14, 2018
It is pretty evident that renting a villa is one of the things that most of us need to decide based on a budget. This is mainly because it is a recurring expense. You need to have a good idea as to which are the best areas to rent in Dubai based on your salary. Only then can you choose the most economical places to live in the city.
On an average, you need a minimum salary of AED 5000 or a housing allowance of at least AED 2000 to be able to afford to rent in Dubai on your own.
Most of the landlords in Dubai require you to pay the rents either as an annual lump sum or as bi-yearly or quarterly post-dated checks. In fact, you might find it hard to pay rent on a monthly basis. Though landlords are flexible to a certain extent on the frequency of rental cheques, you must factor all these expenses at the time of choosing a flat to rent in Dubai.
There are some other initial expenses to consider prior to making the move to rent your own house in Dubai. You need to consider a security deposit that has to be paid along with agency fees. Apart from that, you have DEWA charges, housing fees and fees related to the Ejari. In order to obtain a furnished house with all the basic necessities, you might have to spend a good deal. You need to take account of certain additional costs at the time of setting aside a budget for renting in Dubai.
The rent that has to be paid by post-dated checks as an annual lump sum or between monthly intervals fixed with the landlord.
Security Deposit that is usually equivalent to one month’s rent.
In case you are earning between AED 5000 – AED 8000, the best areas to rent in Dubai based on your salary are studios in Al Baraha in Deira. The studios of International City can also be considered. In general, the price of renting studios in Deira is low. It is around AED 20,000 per year. The studios in International City start from AED 24,000. This area provides you with some of the most affordable apartments in Dubai. In case you have no problem to commute, you can go for neighbouring Emirates. There are many people who opt to live in Sharjah and work in Dubai because of the more reasonable rates.
Dubai’s Jumeirah Village Circle (JVC) district is considered to be the most affordable villa community for home buyers. It was one of two villa developments in the emirate that saw prices rise in 2017. This is because the number of UAE residents opting to buy properties rose.
The sales prices in JVC were up 4 percent between April and October. The overall prices for villas in JVC averaged Dh758 per square foot. The buying decision last year were highly impacted by growing affordability and flexible payment plans on mortgages.
Check out the list 3 BR Villa for Rent in Jumeirah Village Circle.
Discovery Gardens is known to be one of the 60 major communities in freehold Dubai. It is an exceptional residential community that lies in Jebel Ali. Discovery Gardens provides residents with beautiful homes that are set in marvelous surroundings. The best part is that these apartments and homes are within affordable reach. It is a modern residential community which opens up a world of cosmopolitan sophistication. It provides you with integrated living.
It is one of the most widely popular areas to invest. It makes use of its mixed-use community. It offers a combination of urban living at its best. In fact, this master-planned community is one of the most popular areas to buy an apartment in Dubai on a budget. You can get a spacious studio to three-bedroom apartments at moderate prices. The high-end amenities include two supermarkets, namely, Al Maya and Carrefour Market. There are many recreational facilities and eateries as well. All of this makes Dubai Sports City a top choice for property buyers and tenants both. It is located just offHessa Street via Al Khail Road. Thus, it connects residents to the rest of the city.
The Elite Sports Residence and Royal Residences are regarded as the most popular buildings.
A real estate investment in this area is one of the best things you can do to secure your future. Even if you get an apartment for yourself, you can lease it out. It will help you to have an extra stream of income through the rents you actually earn.
If you are an expat, making the switch from renting to buying an apartment in Dubai is not at all easy. However, if you see yourself living in Dubai for at least a few years to come, investing in property is just the thing for you.
If you are genuinely looking for budget-friendly options, the gated community of Al Furjancan just be the right area for you to consider. It offers a range of spacious apartments, townhouses, and villas. It is spread across 560 hectares. The first phase of the project has been completed and occupied. In the present scenario, the developments and under-construction units consist of fully-serviced apartments.
Masakin Al Furjan is residential apartments that are built around a landscaped community and include mid-rise buildings with 335 apartments. It can be a smart investment opportunity since the units are priced well. This area offers modern comforts. The spaces are designed in a solid way. This area also has customised styling.