Dubai is a city of luxury and extravagance, but it’s also a place where millions of people come to work and live. So, if you’re planning to move to Dubai, one of the first things you’ll need to consider is the cost of living.
And one of the biggest expenses you’ll have is your apartment. So, how much does an apartment cost in Dubai? Let’s take a closer look.
The Average Cost of Apartments in Dubai
Dubai is known for its high standard of living and luxurious lifestyle. As such, the cost of apartments in Dubai can be quite high compared to other cities around the world.
According to recent reports, the average cost of a one-bedroom apartment in Dubai is around AED 90,000 per year (approximately USD 24,500). Two-bedroom apartments typically cost around AED 140,000 per year (approximately USD 38,100), while three-bedroom apartments can range from AED 175,000 to AED 250,000 per year (approximately USD 47,700 to USD 68,100).
Factors that Affect Apartment Prices in Dubai
There are several factors that can affect the price of an apartment in Dubai. Some of these include:
- Location: The location of an apartment can greatly affect its price. Apartments located in popular areas such as Downtown Dubai or Jumeirah Beach Residence tend to be more expensive than those located further away from the city center.
- Size: The size of an apartment also plays a role in its price.
Larger apartments with more bedrooms and bathrooms are generally more expensive than smaller ones.
- Amenities: Amenities such as swimming pools, gyms, and parking spaces can also impact the price of an apartment.
- Type of Building: The type of building an apartment is located in can also affect its price. Apartments located in newer, high-rise buildings tend to be more expensive than those located in older buildings.
Types of Apartments in Dubai
When it comes to apartments in Dubai, there are several types to choose from. Some of the most common types include:
Studio Apartments
Studio apartments are typically the smallest type of apartment available, and they consist of one main room that serves as both the living and sleeping area. Studio apartments in Dubai can range from AED 40,000 to AED 80,000 per year (approximately USD 10,900 to USD 21,800).
One-Bedroom Apartments
One-bedroom apartments consist of a bedroom and a separate living area. These apartments can range from AED 60,000 to AED 120,000 per year (approximately USD 16,400 to USD 32,700).
Two-Bedroom Apartments
Two-bedroom apartments consist of two bedrooms and a separate living area. These apartments can range from AED 100,000 to AED 200,000 per year (approximately USD 27,200 to USD 54,500).
Three-Bedroom Apartments
Three-bedroom apartments consist of three bedrooms and a separate living area. These apartments can range from AED 150,000 to AED 300,000 per year (approximately USD 40,800 to USD 81,800).
The Bottom Line
Dubai is an expensive city to live in when it comes to renting an apartment. However, with proper research and planning, you can find an apartment that meets your needs and budget.
Remember that the cost will vary depending on factors such as location, size, amenities, and type of building. So, be sure to take these factors into consideration when searching for an apartment in Dubai.