Villas in Dubai renting out for Dh1 million (even in Al Qusais)

How much does it cost to rent a seven-bedroom, 28,000 square foot brand new villa, with a golf course view; or a six-bed 15,000 sqft villa, furnished with antiques, in Dubai’s Emirates Hills?

Listing agents have both down at Dh2 million a year, which means the renter will have to shell out Dh166,667 per month to live in it.

Though very few listings for villas with a Dh2 million rent tag are available online, one websites like propertyfinder.ae, of your budget is Dh1 million per annum, your options certainly increase.

In the Dh1m category the Al Qusais area – normally not associated with ultra-top-end housing – has a villa going at Dh1m. According to the listing, the two-storey twin villa has 22 rooms, is spread out over 21,000 sqft and has six parking bays.

Location over the sauna

However, Emirates Hills and Palm Jumeirah top the list of Dh1 million plus rent category market. Needless to say, but villas like these have steam and saunas, a gymnasium, swimming pool and majlis among a host of amenities.

Real estate agents say companies mostly rent out these villas for senior-level management, with some corporates even paying the rent in just two cheques.

Location does play more of an important role than furnishings, according to realty agents.

“We have seen villas on the Palm Crescent with good demand and rent out easily, even though they are going at a premium,” said a property agent specialising in leasing Palm Jumeirah villas.

Rising rents

Jones Lang LaSalle, a global real estate consultancy, has said that Dubai’s real estate market would see prices and rents rise over the next 12 to 24 months driven by improvement in market fundamentals and return of confidence.

“With population and employment increasing again, there is clearly support for additional levels of residential development.

“Providing that effective controls are applied to ensure that the future supply pipeline is not expanded too quickly, these improvements would suggest the residential market is likely to see continued pressure for increases in rents and prices over the next 12 to 24 months,” the consultancy said.

Cluttons, a real estate consultancy, said in its first Middle East Private Capital survey last year, that Dubai’s residential property and hospitality sectors were set to witness increase in investments with high net worth individuals (HNWIs) from Gulf Cooperation Council countries voting the emirate as their top investment destination for 2013.

“Dubai emerged as the top investment target for both investors from the UAE and those from all other cities surveyed, with 80 per cent of HNWI very likely to make an investment in Dubai during 2013,” it said.

Online listings:

Emirates Hills villa, with golf course view

Bedrooms: 7

Bathrooms: 7

Subcommunity: Sector L

Area: 28,000 square feet

Rent: Dh2 million pa


Emirates Hills villa

Bedrooms: 7

Bathrooms: 7

Subcommunity: Sector E

Area: 16,000 square feet

Bedrooms 7+

Bathrooms 7+

Rent: Dh2 million pa

Emirates Hills furnished villa

Bedrooms: 6

Bathrooms: 7

Subcommunity: Sector W

Area: 15,000 square feet

Rent: Dh2 million pa

Al Qusais, two-storey twin villa

Total rooms: 22

Area: 21,000 square feet

Parkings: 6

Rent: Dh1million pa

Palm Jumeirah, Frond C Signature villa

Bedrooms 6

Area: 7,000 square feet

Rent: Dh1 million pa

Palm Jumeirah, Kempinski Residence villa

Bedrooms: 5

Area: 16,000 square feet.

Rent: Dh1 million pa

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