Property for Rent in DIFC, Dubai - P2

The DIFC, Dubai International Financial Centre, has come a long way since its inception in 2004. It's one of the world's top 10 financial centres, and the 22,000 professionals employed by the Centre's 2,000 firms have played an essential role in its achievement. They are influencing the region's financial services background together. DIFC is situated on Sheikh Zayed Road's east side, between Downtown Dubai and Zabeel Park one can locate many properties to rent in DIFC. The Dubai Mall is a five-minute journey away by vehicle, while the airport is around a 15-minute drive away. The rental properties in DIFC are expensive compared to other neighbourhoods because the apartments are suited toward middle-class salaries to wealthy professionals.

DIFC City Guide

Dubai International Financial Center is one of the most vibrant and dynamic neighbourhoods in Dubai and is much more than simply the city's commercial and financial sector. It has a wealth of restaurants, pubs, art galleries, gyms, and convenience shops, all within walking distance. DIFC is contemporary city life's most refined, with high-rise skyscrapers, world-class restaurants, a sought-after central, and a buzzing neighbourhood. DIFC is a suitable choice for people who prefer to live in close-knit communities with affordable houses for rent in DIFC.

Demographics

DIFC Dubai, is more than simply a trading centre; it is a complete ecosystem with over 22,000 professionals operating across over 2000 registered enterprises. These businesses are subject to autonomous regulation and have their own legal system. Apart from corporate towers, it has stylish fine dining restaurants, art galleries, luxury retail stores, and numerous prominent hotels, making a living in DIFC an appealing option. The commercial property for rent in DIFC is highly expensive, ranging from AED 324,840 to AED 586,200 yearly.

Who Lives in DIFC?

Many expatriates have made it their second home throughout the years because it offers the appropriate combination of city life. People who regularly relocate to the region include primarily singles and small families. One of the most significant advantages of living in the DIFC is that it is a perfect place for workaholics. With a fast-paced business atmosphere, the whole DIFC sector emanates energy. It has evolved as a destination for nightlife people who appreciate the pedestrian lifestyle due to the locality's occupancy with the new generation. There are various apartment for rent in DIFC to choose from.

Property Types Available with Avg Rent Price Trend

In the year 2022, average commercial rent in DIFC climbed by 13.1 per cent, with average apartment rentals rising by 11.7 per cent and villa rents jumping by 22.5 per cent compared to the previous year. The average apartment rent in March 2022 was AED 80,000, while the average villa DIFC rent was AED 238,441 yearly. The highest average yearly apartment and villa rates in the rental market were found in DIFC and Palm Jumeirah, where rents were AED 197,482, and Al Barari, where rents averaged AED 801,940.

Average Cost of Living in DIFC

One of the primary elements in deciding how costly living in DIFC will be for you is where you choose to reside. Rental costs are very pricey, but if you relocate outside of the city, you may rent for considerably less. However, let's look at typical costs that do include rent. The Average rental price varies from AED 70k to 160k which doesn’t include the electricity and water bill, which can eventually go up to AED 10K depending upon your usage. Shopping complexes, cafes, restaurants and amenities around the area can cost about AED 40-50k. The average cost of living in DIFC for a single person would be around AED 140k monthly. 

Average Rent by Housing Type and Size

The DIFC is recognised for paying competitive wages, yet most of this money goes toward the high cost of living. A studio apartment in DIFC can average between 30,000 and 50,000 AED a year. One or two bedroom Apartments for rent in DIFC are worth between 70,000 and 100,000 AED. Most expats prefer to live here by renting a villa or a property. The minimum house rent in DIFC is 193,180 AED for a three-bedroom property and 298,640 AED for a five-bedroom home. A three-bedroom property costs 168,180 AED, while a five-bedroom home costs 305,910 AED.

Lifestyle

This subhead incorporates all data connected to buildings and housing units in DIFC. Data on structures under construction and finished buildings, data on building permits granted, licensed areas, engineering laboratory tests, and land transactions such as sales, collateral, collateral release, and mortgage of land development lease are also included. It also consists of the quantity and size of land parcels held by Gulf Cooperation Council citizens in the Emirate. It is one of the world's top financial centres, facilitating business movement in the Middle East, South Asia, and Africa and connecting enterprises with other markets such as Asia, America, and Europe. Living in the DIFC is like living in the heart of a financial centre swarming with all commercial operations. The neighbourhood provides urban living with various fine-dining restaurants, cafés, and luxury hotels. DIFC is a live-work-play community that particularly appeals to young, skilled expats.

Major Attractions in the Vicinity of DIFC

The unique benefit of living in DIFC is that it is a perfect place for workaholic singletons who like a fast-paced lifestyle. Those seeking DIFC apartments for rent benefit from being near the famed Sheikh Zayed Road, Dubai World Trade Centre, and the Burj Khalifa. Foreign expats considering a long-term stay or investment in Dubai can look into DIFC flats for sale, and for a temporary stay, you should check out rental properties in DIFC. Its attractiveness is enhanced by access to museums, performing arts centres, fitness centres, cafés, restaurants, and art galleries.

Access to Historical Sites and Recreational Areas

The neighbourhood's prominent structures and places will bring you closer to art and culture. The Gate is a well-known landmark and one of the earliest structures in DIFC. The elegant construction is suitable for event launches and exhibits. Another feature near the Gate building is the Marble Walk DIFC. There are various takeout food booths, retail convenience shops, and other essential services on the Marble Walk. The Empty Quarter gallery is also quite popular, particularly among art enthusiasts. People like the high art photography works shown by some of the world's most famous photographers. Furthermore, Christie's art gallery is a well-known auction house in DIFC. The Opera Gallery is most likely the district's major attraction.

Explore the Surroundings

Dubai International Financial Centre is a dynamic neighbourhood filled with art galleries featuring work by new and renowned artists from across the globe and some of Dubai's trendiest "see-and-be-seen" eating locations. The financial district also houses some of the city's most opulent five-star hotels and modern apartment buildings, linked by walkways with public art and a sprinkling of high-end retailers.

Schools

DIFC is a handy area to reside in due to its closeness to the Financial Centre. Residents may enjoy views of some of Dubai's prominent monuments, like the Burj Khalifa and Emirates Towers, since they live on the older side of the city. The region includes some of the top local and international nurseries and schools, making it a good choice for families with children. These are a few nursery schools in DIFC Dubai Hummingbird Early Learning Centre, Grassland and Daycare and Nursery, Safari Kid, Gems Wellington Primary School and Clarion School. The fees may vary; usually, it ranges between AED 42,000 to AED 75,000. 

The DIFC Academy will be the fourth endeavour, joining three other schools focused on management, finance, and law. To have access to over 400 online programmes with up to 25,000 students to develop the skills and knowledge required to create a sustainable and creative future for the global banking sector. It offers a physical co-working and co-study area for students enrolled in world-class online education courses.

Restaurant

Come for a luxurious supper at one of the award-winning restaurants, or come for Art Nights at Gate Village, when the neighbourhood is transformed with live music and gallery displays, enabling people to engage in creative activities. After you've had your five-star leisure and arts throughout the day, it's time to find out why DIFC has recently earned its well-deserved reputation as a gourmand's paradise. Evenings are always lively, owing to award-winning restaurants such as La Petite Maison, Zuma, and Indochine.

Shopping Malls

Gate Avenue at DIFC is a widely anticipated fashion and retail attraction. Sacoor Brothers, Suit Supply, Black Amber, His and Hers, Fiori Jewels, and Collars and Cuffs are among the various stores in the facility. Aside from that, people in DIFC can satisfy their shopping needs since they are just 8-10 minutes away from the city's huge retail and entertainment complex- The Dubai Mall.

Nightlife

The most popular Bars and Clubs to chill at night in Dubai International Financial Centre are:

• • Antika Dubai 
  • Mantis Dubai 
  • TheACT 
  • Karizma Lounge & Restaurant. 
  • SKY5 - The H Hotel 
  • Sky Lounge - Conrad Dubai 
  • The Premiere Nightclub - Hyatt Regency Dubai 
  • Armani Privé - Armani Hotel Dubai 

Commuters

DIFC is strategically positioned and easily accessible by public transportation. It is approximately a few minutes walk to two metro stations: Emirates Towers and Financial Centre. There are also several bus services in and around the area. There are also many taxis, but since they are in great demand, getting one during rush hour might be difficult.

Supermarkets

In DIFC, there are a few stores where you can shop for regular food. Many of these supermarkets are located on the ground level of various buildings across the town. Spinneys Supermarket, BS Supermarket LLC, Fresh Mart Supermarket, Choithrams, and Al Maya Supermarket are among the supermarkets. Spinneys has multiple locations in Dubai that are popular for monthly grocery shopping. The local grocery chain is located in Central Park Towers and is open seven days a week.

Healthcare 

In DIFC, you don't have to drive far to find hospitals or clinics. There are various healthcare facilities nearby. The IMC Medical Centre, La Clinique DIFC, and The Clinic are the nearest. Interhealth Canada Limited and Al Zahra Medical Centre are less than a 15-minute drive away. Oriana Hospital is also just around 20 minutes away.