In Dubai, houses are only rented and there is no possibility of mortgage, usually the house rental contracts in Dubai are for one year and in case of canceling the contract, one has to pay heavy fines.
Average rent for a villa
In Dubai, the minimum rent for a villa is 193,180 dirhams (US$52,590) for a three-bedroom house and 298,640 dirhams (US$81,300) fo five-bedroom house.
Average rent in UAE
Average rent in the UAE ranges from AED 30,000 to AED 50,000 (US$8,100 to $13,600) per year for a studio apartment.
Rents for one- and two-bedroom apartments range from AED 70,000 to AED 100,000 ($19,000 to $27,220).
Average annual rent for apartments in Dubai
- Luxury one-bedroom apartment: 96,670 dirhams (26,320 US dollars)
- Standard one-bedroom apartment: 56,200 dirhams (15,300 US dollars)
- Luxury two-bedroom apartment: 140,000 dirhams (38,115 US dollars)
- Standard two-bedroom apartment: 79,000 dirhams (21,510 US dollars)
- Luxury three-bedroom apartment: 190,000 dirhams (51,725 US dollars)
- Standard three-bedroom apartment: 105,000 dirhams (28,585 US dollars)