18th March 2013

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What is the current rental rate for a villa in Jumeirah Park? It's a good question and one which many owners, potential investors and tenants are all keen to know the answer too. Although there is no actual fixed rental price that applies to these new villas, there is a rental range that appears to have taken shape in recent months for the 5 and 4 Bed villas.
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The majority of rents for Jumeirah Park 5 Bed villas tend to take place somewhere between AED 250 - 300k per annum, while the 4 Bed villas appear to have found their current price somewhere between AED 230 - 280k per annum. The advertised rental range on the local property portals is wider than the actual average rental rate at which deals are agreed between landlords and tenants. This is normal for a newly handed over community, as the market will take some time to settle on a common price range.

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Several key factors tend to affect the rental rate for a Jumeirah Park villa, some of these have been outlined below.

Number one, this should come as no surprise to you, the location! 5 Bed villas backing onto or facing the planned green park are the premium villas in the Package 1 area, while the lake facing 4 Beds in the A Sector command the highest rental rates for the four bed villas.

Corner plots and those plots which are 10 - 20% larger than the average plot size also tend to achieve a higher rate.

Villas that have been landscaped (or are in the process) will always catch the eye more than one that has been left in its original state. Tenants want landlords who care about their villa, exactly the same as landlords wishing for a tenant who will treat their property with the utmost respect.

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All the villas come with kitchen appliances; however it is not advisable for landlords to fully furnish the remainder of the villa. The vast majority of people want to add their own unique touch and make it feel like a place they can truly call home, therefore we would advise against furnishing villas. It is far better to spend money on a nicely landscaped garden as this really does add to the overall beauty of these villas.

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Without the benefit of a magical crystal ball, our current forecast for the future rental rates is an expected increase somewhere between 10 - 15% in the next 12 - 18 months (on the current average rate), providing the market in Dubai continues on a steady growth path. Once the community landscaping has begun to mature and the retail centre is completed, we are sure Jumeirah Park will see consistently high levels of occupancy as its location for a villa community is currently one of the best in Dubai.

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Property Boutique continue to match suitable landlords and tenants in Jumeirah Park so, if you want to lease your villa or need help finding a new home, you know who to call!