Dubai has evolved as the best viable option for those who know how to take advantage of the opportunities. With its soaring skyscrapers and bustling streets, this oasis has become a go-to place for expatriates from all over the world, especially Americans. Not only is it a perfect blend of luxury and comfort but also offers a dynamic cosmopolitan living style. One of the biggest attractions for any Native American is the tax benefits along with the highest living standards and cuisines from all over the world.
This guide will help you choose the best rental communities all over Dubai. Furthermore, we will also compare the rental cost and living standard in America. This will help you make an informed decision.
The allure of moving to Dubai
The charm of Dubai encapsulates various factors for American expatriates. For example, business opportunities are the main attractions to consider moving to Dubai. As mentioned above, tax benefits allow all kinds of businesses to flourish here. In addition, world-class amenities along with the highest living standards are some other compelling reasons for moving to Dubai.
Conducting thorough research about rents and the best places to live in Dubai is highly recommended. Many portals offer rents and listings from all over Dubai. Let’s dive into the list of best rental properties in Dubai, shall we?
Best Rental Communities in Dubai for Americans
2023 saw an exponential growth in Dubai’s real estate market. Rental prices fluctuated a lot last year because of the high demand. Both apartments and villas are becoming scarce with every passing day. Here are some of the numbers to give you a better idea:
- Affordable properties saw a surge of 4 to 28% in 2023.
- Similarly, the value of mid-tier properties also went up 23%.
- High-end properties in Dubai went up nearly 31%.
All of these states are taken from Dubai’s most trusted real estate website Bayut.
Dubai has seen an influx of residents for the last couple of years. This vigorous demand has skyrocketed the rent of Dubai’s luxury properties. Here are some of the best luxury areas to rent in Dubai according to Bayut:
- Dubai Marina
- Business Bay
- Downtown Dubai
- Al Barsha
Let’s compare the rent of different rental options in these areas.
| Luxury Properties | 1-BED | 2-BED | 3-BED |
| Dubai Marina | $29,404 | $44,923 | $70,244 |
| Business Bay | $25,048 | $39,206 | $57,447 |
| Downtown Dubai | $36,483 | $64,256 | $111,900 |
All of these numbers are taken from the (Bayut 2023 rental property report). In addition, these are annual rental prices of high-end areas of Dubai.
These areas saw up to 21% surge in rental prices in 2023. But when we compare these rents to the United States that’s when we realize that these prices are relatively low. If you are interested in apartments, you can rent 1 BHK flats on Bayut.com for your next apartment. This will give you a better idea about the rental pricing all over the UAE especially in Dubai.
All of the areas mentioned above have modern infrastructure, world-class amenities, luxurious apartment buildings, high-end shopping malls, and a variety of cuisines. These areas also offer proximity to business hubs along with waterfront living. Not to mention, these areas are completely safe and secure.
If you are not looking for something particularly luxe in Dubai, worry not, there are a lot of mid-tier and economical options here as well.
Al Nahda, Diera, Jumeirah Village Circle, and Bur Dubai are some of the affordable and mid-tier living options you can explore. Some of these areas are suburban and some are within the city limits. These locations are the best options for potential tenants with world-class amenities and high-end security.
Let’s shift our focus to some of the apartments in New York to give a better comparison.
Rental Apartments in New York
After COVID, there was a huge surge in rents in America especially in New York. Knight Frank reports that luxury apartments in New York saw a nearly 60% increase in rents during the last two years. Rents in Central Park South, Soho, and Tribeca have gone up exponentially. Since there are not many condos left in the city, many people opt for the rental properties. That is why rents are skyrocketing in New York.
Below are three of the most luxurious apartments you can find in New York along with their monthly rent. All of these stats are taken from Forbes.
Anagram Columbus Circle – offers ultra-luxe apartments in New York City. Situated at a premium location of 15 Central Park West, the rent starts from $24,000 per month for a four bedroom apartment.
The Copper – this is one of the most luxurious options you can find in Manhattan. There are serene views of East Rivers you can enjoy from these apartments. The rent of these apartments starts from $25,000 per month.
111 Charles – last but definitely not the least, 111 Charles is a new addition to the West Village. You can find a penthouse for $40,000 per month.
When you compare these rents to Dubai, you can see a major difference. On the other hand, Dubai offers some of the best amenities on the planet. From its best security to implacable cleanliness and world-class health system, these rents in high-end living areas in Dubai are next to nothing.
To Sum It Up!
Cultural vibrancy, opportunities, and ultra-luxurious lifestyle are the best ways to describe Dubai to American expatriates. Not only can you find everything in the souks but also enjoy breathtaking waterfronts with the opportunity to meet the people of every culture on earth. Dubai has become the very definition of globalization.
All the properties we have listed offer a wide range of amenities along with a rich lifestyle for American expatriates. Lastly, we also have listed ultra-luxurious, mid-tier, and economical rental options for Americans who wish to move to UAE.
Frequently Asked Questions
Q1: What are the best areas for American families & expatriates?
Answer: When it comes to areas for families, there are endless options. Arabian Ranches is top of the list when it comes to family-friendly areas in Dubai. Similarly, Jumeirah is also a viable option. Other options include Al Barari, Mirdif, and Emirates Hills.
Q2: What is the rental process in Dubai?
Answer: You need to follow certain steps to rent any property in Dubai. Here is the structured sequence of these steps:
- Start by searching for a property that meets your requirements.
- Schedule a viewing after you have shortlisted a couple of properties.
- Before signing the lease agreement, you can negotiate certain terms and conditions with your landlord or other representative.
- Ejari Registration is also an important part of the process
- Then you need to pay the rent and security deposit.
- You will need a passport copy, residency visa, Emirates ID, proof of income, and a tenant information form. Documentation can vary based on the property.
Q4: What are the additional charges for renting a property in Dubai?
Answer: It all depends on your agreement with your landlord or agent. But some of the most common charges include security deposits, agency fees, bills from Dubai Electricity and Water Authority, and maintenance & municipality fees. You can decide the terms in your agreement with your landlord.
Q5: What are the visa requirements for an American expatriate to acquire rental property in Dubai?
Answer: Usually, you need to have a residency visa from your employer. You can also get the visa from a family member that resides in the UAE. Under certain conditions, some landlords also offer rental properties on visit visas.
