Real Estate Market Rental Prices in Production City, Dubai (2024)

Overview of Production City

Located in the heart of Dubai, Production City offers a blend of residential, commercial, and mixed-use developments. Originally designed as a media hub, the area has seen increased interest from both residents and businesses. The proximity to other key districts such as Dubai Sports City, Dubai Studio City, and Dubai Silicon Oasis has contributed to its growing appeal.

Current Rental Prices in Production City, Dubai (2024)

As of 2024, rental prices in Production City are seeing a moderate increase, driven by the area's developing infrastructure, improved amenities, and a growing demand from both professionals and families. Below are the average rental prices for different types of properties in Production City:

1. Studio Apartments

• Average Rent: AED 30,000 – AED 45,000 per year
• Overview: Studio apartments are highly popular among single professionals and young couples. Rental prices for studios in Production City are competitive compared to other parts of Dubai, offering affordable living options within close reach of key business districts.

2. 1-Bedroom Apartments

• Average Rent: AED 45,000 – AED 65,000 per year
• Overview: The demand for one-bedroom apartments has been consistent, with rental prices reflecting both convenience and proximity to commercial hubs. This type of unit is ideal for young professionals or small families.

3. 2-Bedroom Apartments

• Average Rent: AED 65,000 – AED 90,000 per year
• Overview: Two-bedroom apartments are ideal for small families or sharers. Rental prices can vary depending on the specific building, size, and amenities, but Production City still offers more competitive pricing compared to neighboring areas.

4. 3-Bedroom Apartments

• Average Rent: AED 90,000 – AED 125,000 per year
• Overview: For larger families or those needing extra space, three-bedroom apartments in Production City offer a more spacious living environment. These larger units are usually located in newer developments with modern facilities.

5. Villas and Townhouses

• Average Rent: AED 130,000 – AED 180,000 per year
• Overview: While Production City is more commonly associated with apartment living, some residential developments feature villas and townhouses, which cater to families seeking more privacy and space.

Conclusion

The rental market in Production City, Dubai in 2024 is witnessing steady growth, driven by increasing demand for affordable and accessible living spaces in a central location. With new developments, convenient amenities, and competitive pricing, Production City continues to attract a diverse range of tenants, from young professionals to small families. Whether you’re considering moving to this vibrant area or simply keeping an eye on the market, the current rental trends indicate a promising outlook for renters in the year ahead.