Rent trends in Mohammed Bin Rashid City: Best areas to rent apartments and villas
Named after the Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, the mixed-purpose development of Mohammad Bin Rashid City or MBR City is one of the most popular freehold areas in Dubai. It lies close to Downtown Dubai and Al Quoz and is home to the world’s largest man-made lagoon, 45 million sq. ft. of freehold space and a variety of tourist attractions, golf courses, schools and more. Owing to these facilities, there is a high demand for properties from prospective tenants and investors in MBR City.
If you are considering moving to this neighbourhood as a tenant, here is a comprehensive guide for renting in MBR City.
Top Areas with apartments for rent in MBR City
Area | Average price for studios | Average price for 1-bed flats | Average price for 2-bed flats |
|---|---|---|---|
Area Sobha Hartland | Average price for studios 48,000 | Average price for 1-bed flats 64,000 | Average price for 2-bed flats 101,000 |
Area KOA Canvas | Average price for studios 76,000 | Average price for 1-bed flats 92,000 | Average price for 2-bed flats 156,000 |
Area Gemini Splendor | Average price for studios N/A | Average price for 1-bed flats 61,000 | Average price for 2-bed flats N/A |
Although there are quite a few popular areas to rent apartments in MBR city we bring you a list of the top three areas that you can consider:
Sobha Hartland
Spread over 8 million sq. ft., Sobha Hartland Dubai is a waterfront community located in Mohammad Bin Rashid City. It lies close to Downtown Dubai and features a range of studio, 1, 2 and 3-bedroom apartments.
The average rent for studios in Sobha Hartland is AED 48k while 1-bedroom apartments are available for a rental price of AED 64k as per the listings advertised on Bayut. You can also consider 2 and 3-bedroom apartments in Sobha Hartland if you are keen on larger, family-oriented apartment units. The average rent of 2-bedroom apartments in Sobha Hartland is AED 101k while that of 3-bedroom apartments is AED 131K.
Sobha Hartland is popular with investors and tenants as it lies close to schools, healthcare centres and supermarkets. In fact, two of the glitziest malls in Dubai: The Dubai Mall and Dubai Festival City Mall, are also easily accessible from the community.
KOA Canvas
The next popular areas for renting in MBR city, when it comes to apartments, is KOA Canvas. The community boasts a multipurpose theatre, photography studio, screening rooms, fine dining restaurants, spas and fitness facilities.
KOA Canvas features 86 residences that include studios, 1, 2 and 3-bedroom apartments. The average price for renting studios in KOA Canvas is AED 76k while the average rent of 1-bedroom apartments in KOA Canvas is AED 92k. Renting 2-bedroom flats, with an average rent of AED 156k in KOA Canvas is also a good option for families.
Gemini Splendor
Offering the perfect combination of bustling city life and tranquil domestic living, Gemini Splendor is one of the other attractive options that prospective tenants can consider in MBR City. It is a master-development by Gemini Property Developers featuring well-appointed 1, 2 and 3-bedroom apartments. Each of these flats consists of minimalistic bathrooms and modular kitchens. The average rent of 1-bedroom apartments in Gemini Splendour is AED 61k.
Top Areas for renting villas in MBR City
When it comes to places to rent villas in MBR City, District One is the most popular choice.
District One
Developed by AE Real Estate Group, District One is one of the top communities within MBR City. It is home to various indoor recreational spaces, cycling and running tracks, fitness centres and parks. The community is ideal for people working in the Business Bay area due to its close proximity to this commercial centre in the emirate.
Although District One features a range of apartments, it is more popular for renting villas in MBR City. The rent for 4-bedroom villas in District One averages at AED 349k while that for 5-bedroom houses is AED 401k. If you are looking for larger spaces, District One also features 6-bed villas for rent at an average cost of AED 526K while you can rent 7-bedroom villas in District One for an average of AED 890K.
In addition to District One, you can also rent villas in District 11 and 17. The houses within these communities are available for quite reasonable rents.
And that brings an end to rent trends in MBR City. Before choosing an area to rent an apartment or villa in this emerging community, we would advise that you take a look at the pros and cons of MBR City so you can make a well-informed decision.
You can find similar features in the residential properties in Dubai Hills Estate as well. If you want to explore this option as well, take a look at the rent trends in Dubai Hills Estate.
Which areas are you most interested in? Let us know in the comments section and stay tuned to MyBayut for more details on the UAE property market.
