The rental prices in Damac Lagoons vary depending on the type of property and its location. As of 2021, the average annual rent for a studio apartment is around AED 38,000, while a one-bedroom apartment costs around AED 50,000 per year. For larger properties like townhouses and villas, the annual rent can range from AED 85,000 to AED 250,000, depending on the size and location of the property.
The best areas for renting in Damac Lagoons are those located in close proximity to the community amenities, such as parks, retail outlets, and schools. Areas like Akoya Oxygen and Mudon are popular choices for renters due to their family-friendly environment and ample recreational facilities.
Rental trends in Damac Lagoons are expected to remain stable in the coming years, as the community continues to develop and expand its offerings. With the increasing popularity of the area, the demand for rental properties is expected to rise, which could result in higher rental prices in the future.
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