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Branches across Dubai, Abu Dhabi and the GCC. International City remains the best place for renters, if saving money on housing is a priority. Dubai: Rents in most communities in Dubai have continued to fall, but despite the declines, a lot of people are still relocating to other areas in search for lower housing costs. According to property specialists, reduced household budgets are driving tenants to move farther afield, where both new construction and existing communities are offering far more affordable options. Flats in Downtown Dubai, on the other hand, are the priciest, with the average rent per square foot costing Dh117 a year.
Tenants opting to live in the premium neighbourhood will have to shell out an average of Dh106,000 for a 906-square-foot apartment, slightly pricier than Old Town, where rents average Dh115 per square foot. This can be directly attributable to the level of new stock being handed over. Locations with similar median asking rents. Should you buy a house or a car?