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Apartments for rent in Dubai Slicon Oasis
Dubai Silicon Oasis, much like the rest of Dubai, boasts a multicultural environment due to its significant expatriate population. The neighborhood's emphasis on technology attracts a large number of young professionals who aspire to work at the technology park or establish their businesses in the UAE. Moreover, this area is home to several internationally accredited universities, which serve as a major attraction for young individuals seeking educational opportunities. However, Dubai Silicon Oasis isn't solely focused on technology and impressive structures. Families will also appreciate the abundance of parks and green spaces scattered throughout the neighborhood, providing delightful recreational areas during the cooler months.
The emirate of Dubai is noted for its constant multinational workforce, with people migrating from all over the world to pursue a successful career. Every year, the multicultural metropolis welcomes many entrepreneurs, making it one of the most densely populated megacities. It should be mentioned that, despite the influx of interesting people with keen eyes, the emirate has never had a housing shortage. Not only has the city avoided housing shortages, but it also has a home for every individual's preferences.
This hunt for better careers usually begins with short terms rentals, and Dubai has a lot of compelling areas that are best suited for individuals looking to shift. Among them is the Dubai Silicon Oasis, which is a combined community for residence and works which makes it one of the best options. An apartment for rent in Silicon Oasis is best suited for individuals who want to live close to their workspace. If you desire to live away from the hustle and bustle of the city and nest in tranquillity where style and technology mix to give you the good life, silicon oasis is the place to be and you can find different types of apartments for rent.
This technological park and residential community offers a wide range of apartments for rent that caters to different budgets and preferences. For individuals or couples looking to rent a smaller and more compact space, a studio apartment for rent in Silicon Oasis is the best choice. And if they require more space and privacy then a one-bedroom apartment would be a better option.
For small families or couples, a two-bedroom apartment can be suitable as it allows you to host guests or even set up home offices. For larger families and people that prefer living in a large space three bedroom apartments are also available. The other options are duplex apartments and you must know that both furnished and unfurnished apartments for rent in Silicon Oasis are available you can choose from t hem based on your preferences.
As of March 2023, the average rent was AED 777 per square foot, down from AED 830 per square foot in October 2022, representing a decline of 6.9%.
This decline can be attributed to a few factors. Firstly, the increase in the number of newly completed apartments in Dubai Silicon Oasis has led to a higher supply, which has outpaced the demand and consequently exerted downward pressure on prices. Dubai Silicon Oasis remains a sought-after location for renters due to its prominent presence of multinational corporations and educational institutions, generating significant demand for housing in the area.
If you are considering renting an apartment in Dubai Silicon Oasis, it is advisable to anticipate an average price of AED 777 per square foot. However, keep in mind that you may find apartments available at lower prices as apartments for rent in Silicon Oasis are available for ev ery budget option.
The high demand for these apartments cannot be solely attributed to their affordable rents. One of the key factors driving the popularity of this neighborhood is its proximity to Academic City, which serves as a magnet for students. Additionally, its prime location on Sheikh Mohammed Bin Zayed Road, which cuts through the heart of Dubai, ensures convenient access to all major areas, making it a well-connected hub within the city. Moreover, Dubai Silicon Oasis boasts essential medical facilities such as Magnum Gulf Medical Center, Medicure Clinic, and Aster Clinic, catering to residents' healthcare needs. Furthermore, the neighborhood is replete with numerous corner shops and grocery stores, including renowned names like Carrefour and Spinneys, ensuring that residents have easy access to everyday necessities.
Dubai Silicon Oasis, much like the rest of Dubai, boasts a multicultural environment due to its significant expatriate population. The neighborhood's emphasis on technology attracts a large number of young professionals who aspire to work at the technology park or establish their businesses in the UAE. Moreover, this area is home to several internationally accredited universities, which serve as a major attraction for young individuals seeking educational opportunities. However, Dubai Silicon Oasis isn't solely focused on technology and impressive structures. Families will also appreciate the abundance of parks and green spaces scattered throughout the neighborhood, providing delightful recreational areas during the cooler months.