Real Estate Market Rental Prices in Downtown Dubai (2024)

Category: Rent and Lease, Posted at Nov. 7, 2024,

Downtown Dubai continues to be one of the most desirable places to live in the city, offering a prime location with unmatched views of landmarks such as Burj Khalifa, Dubai Mall, and Dubai Fountain. Whether you're relocating to Dubai, looking for a short-term lease, or seeking a high-end lifestyle, Downtown Dubai provides a range of rental options for various budgets and preferences.

Here’s an overview of the current rental prices for apartments in Downtown Dubai in 2024:

1. Rental Prices for Apartments in Downtown Dubai (2024)

1-Bedroom Apartments

Price Range: AED 75,000 to AED 120,000 per year
Average Rent: AED 95,000 per year
Size: Typically 700–1,000 sq. ft.

1-bedroom apartments in Downtown Dubai are perfect for young professionals, couples, and singles who want to live close to the city’s key attractions. The prices depend on the location within Downtown, with properties closer to Burj Khalifa and Dubai Mall typically being on the higher end of the scale.

2-Bedroom Apartments

Price Range: AED 130,000 to AED 200,000 per year
Average Rent: AED 165,000 per year
Size: 1,100–1,400 sq. ft.

2-bedroom apartments are ideal for small families or individuals who require extra space. These properties are commonly found in luxury towers like The Address and Vida Downtown. The rental prices fluctuate based on proximity to key attractions and amenities.

3-Bedroom Apartments

Price Range: AED 200,000 to AED 350,000 per year
Average Rent: AED 275,000 per year
Size: 1,800–2,200 sq. ft.

Larger 3-bedroom apartments are in high demand among families, offering spacious layouts and premium amenities. These properties are generally located in some of the most prestigious developments in Downtown Dubai, with views of the Dubai Fountain and Burj Khalifa.

4-Bedroom Apartments

Price Range: AED 350,000 to AED 500,000 per year
Average Rent: AED 425,000 per year
Size: 2,500–3,500 sq. ft.

4-bedroom apartments in Downtown Dubai are typically luxury units or penthouses offering expansive living spaces. These properties are often found in iconic developments like The Address Boulevard and provide unparalleled views of the city’s skyline.

Luxury Penthouses & Villas

Price Range: AED 500,000 to AED 1.5 million+ per year
Average Rent: AED 800,000 per year

For those seeking the ultimate in luxury living, penthouses and villas in Downtown Dubai offer the highest standard of living. These properties feature high-end finishes, premium amenities, and breathtaking views, making them the pinnacle of Downtown Dubai’s real estate market.