International City offers the lowest rental rates in the emirate, according to a new report.
Current rents for studio units average at AED38,000 per annum (pa), one-beds AED53,000 pa and two-beds at AED70,000 pa.
Real estate consultancy Tasweek said rents in Dubai remained stable in the first quarter of 2015.
“The first two months of 2015 saw continued stabilisation in Dubai’s residential sales and rental markets. Transactions slowed down 20% in January and 17% in February compared to the same months in 2014."
“This indicates consumer patience and growing confidence for the future,” it added.
The second lowest option for renters is Dubai Silicon Oasis (DSO) where studio units are leasing for AED47,000 pa, one-bed units for AED57,000 pa and two-bed units for AED90,000 pa.