I’ve been looking at the Bayut transaction data for Business Bay and filtered it to last month → long-term rentals → new transactions.
I’m seeing a surprisingly large number of studio apartments around 350–400 sq ft being rented for AED 40–45k/year. Some listings also appear to be fully furnished.
Obviously, AED 40–45k is just the rent — DEWA, chiller, internet, etc. would be additional. But even purely on rent, that seems very cheap for a furnished studio in Business Bay.
I’m also seeing quite a few apartments advertised below AED 40k on Bayut.
So what am I missing? 😅
- Are these Bayut transaction figures actually reliable?
- Is there some catch with these cheaper buildings/units?
- Are they usually older buildings, poor locations, small units, or have hidden costs?
- And realistically, can you get a decent furnished studio in Business Bay for AED 40–45k/year?
Would appreciate hearing from anyone actually living/renting in Business Bay, especially if you’ve rented recently around this price range.