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When it comes to renting an apartment, it is likely to be predetermined with the area you want to settle in. Many of the parameters such as; nearby amenities, transportation facilities, your workplace or the student member of your family tend to get the higher importance regarding choosing the next renting location. However, what makes the tenants most skeptical on the next immediate phase is the renting price of a corresponding area. In most of the cases, people know where they want to move conforming to their living convenience and affordability, an informative rental price update from different zones would be much handier for such potential tenants.

So, referring to the previous apartment price updates last month, Bproperty is intrigued to share the current rental price updates from the prime location we mentioned before. Knowing the pricing and housing trends for each neighborhood; the decision comes up a lot easier.  If you belong to the tenant folks and still very interested in a rental apartment in the highlighted areas, this is the article for you.

Mirpur

The ECB circle in Mirpur, Dhaka
Where you will get one of the most affordable deals in town

Affordability, fast pacing development and accessibility – these three aspects blend in together when you think of having an apartment in Mirpur. One of the most concerned determinants to select Mirpur for your next rental investment is mitigating traffic congestion by new connecting flyovers. Besides, an array of tricks to avoid the traffic jam in Mirpur along with affordable family-sized apartments lift up the area demand among the tenants.

The tenants interested in 3 bedroom apartments, please note, the minimum starts from approximately BDT 10,500 and hits the maximum margin of BDT 30,000 (variates in this range). Whereas, those who want to go cheaper and have a small family; tend to search for 2 bedroom apartments in general. For their clarity, the minimum rent for 2 bedroom flats deviates between more or less BDT  7,500 to BDT 20,000. Exceptions might be observed according to the type of developer or quality of a building or also nearby amenities.

Mohammadpur

The asadgate area in Mohammadpur, Dhaka
Being very close to Dhanmondi, Mohammadpur is getting a lot of attention lately

Mohammadpur area allows you a broad range of vacant rental apartments where the rental rates are highly dependant on locality welfares. In regard to accessibility; compared to Mirpur, Mohammadpur is closer to one of the prime locations like Dhanmondi and Agargaon enriched with well developed residential areas and remarkable commercial points. Furthermore, features and amenities of the locality come convenient and demanding for the affordable apartments being offered.

Mohammadpur seeks more attention for its reasonable rental rates for 3 bedroom apartments ranging from around BDT 15,500 to BDT 35,000. On the other hand, 2 bedroom apartments seldom deviate the range of BDT 10,000 to BDT 18,000 and outstrip the bar based on the exclusiveness of the property. Considering the present advancements of affordable transportation, nearby grocery stores, malls or food places and most importantly positioning neigh to Dhanmondi escalates the demand of Mohammadpur in tenants’ wishlists.

Bashundhara R/A

A block in Bashundhara Residential Area in Dhaka
Currently the most living friendly neighborhood in Dhaka

Bashundhara Residential Area is gradually acquiring the position of one of the favorites choices for the tenants seeking a standard living. Unlike other areas, this location depicts the rental range of apartments widely concerning block positioning. The apartments located in distant blocks –  Block G, H, I, E the rates come pretty affordable whereas the margin faces a sharp rise in the frontal section or area entrance gate – Block (A, B, C, D & F)

The minimum rental rate for 3 bedroom apartments fluctuates around BDT 25,000 and generally hits the maximum bar around BDT 45,000 or more according to the lux and amenities. Likewise, 2 bedroom apartment seekers should be aware of the minimum rental rate deviating between approximately BDT 17,000 to BDT 21,000 for the majority of the properties. All the lucrative living benefits and area security;  make Bashundhara R/A one of the most hyped localities among city dwellers in Dhaka.

Uttara

A roadside view of Uttara in Dhaka
Emerging as one of the fastest growing suburb

Being the fastest developing locality on the edge of Dhaka, Uttara is grasping the renter’s attention with its fair and affordable offers for residential apartments. Hence, the economical price tags of Uttara is greatly driven by the newly constructed wide roads, establishments of modern hospitals, educational institutes and food places. The recent infrastructure developments and accessible commute facilities make Uttara more living friendly with a comfortable lifestyle and one of the fastest growing suburb.

The area is popular for both smaller (2 bedrooms) and spacious (3 bedroom) apartments with less radical changes between highest and lowest rates. For instance, the minimum price strata is around BDT 12,000 staying in a limit of BDT 22,000 for 2 bedroom apartments. Besides, the locality is equally popular for up-to-date residential properties where maximum rental offer rarely exceeds BDT 50,000. If a tenant think of a 3 bedroom apartment; the cheapest range starts from around BDT 16,000 and the rate goes higher (higher price for a particular sector and trait of the property) and steadies around BDT 50,000 to 60,000. Nonetheless, the rental rates vary featuring the sector positioning which makes the community very much symmetrical to Bashundhara R/A.

Dhanmondi

Dhanmondi Lake
One of the prime locations of all time

Dhanmondi secures the position of being one of the most highly advanced and refreshing neighborhoods having contemporary rental apartments. Over the years the area experienced incredible establishments concerning prominent schools, hospitals, universities, malls and overwhelming food outlets.

Lifestyle in Dhanmondi is pretty dynamic and busy for its center positioning in the city causing the higher rental rates for apartments. The rental margin for 3 bedroom apartments swings between BDT 35,000 up to BDT 90,000 or exceeding BDT 1 lac depending on the apartment size, quality, location and amenities. Whereas, for 2 bedroom apartments the rate differ between BDT 12,500 to BDT 27,000 that too for the sub-locations of Dhanmondi such as Shankar & Rayer Bazar.

Banani

Lake view from Banani 11 bridge in Dhaka
Second most preferred location for luxurious living

Banani holds the most of the luxurious rental inventories from Dhaka for the classy area layout and amenities. As observed, the locality is grabbing interest of the tenants having high or moderately high-income brackets for it mostly offers topnotch residential apartments. Furthermore, starting from all international food chains, makeover salons, coffee places, commercial headquarters of business, shopping malls and accessibility to Gulshan; making Banani one of the big-ticket rental zones of Dhaka alongside Gulshan.

It is hard to obtain a 2 bedroom apartment in Banani, but on availability, the rate does not go below around BDT 30,000 reaching the maximum scale of BDT 50,000 (depending on the purpose of rent for both residential and commercial). The minimum offer for 3/3+ bedroom apartments starts around BDT 65,000 hitting the maximum rate of BDT 1 lac considering the exclusivity of the apartment. Besides, the area holds many of the recognized universities – AIUB, Southeast University and modern community clubs, hotels and elegant shopping malls. Such advancements actively validate the heightened rental price in Banani ensuring the stash of most chic looking apartments ever.

Gulshan

The connecting road from Gulshan 2 to Gulshan 1
Looking for a lux living? Gulshan could be your ultimate choice

If you are someone who is not worrying about the budget but indulging in luxurious apartments; Gulshan is the other name besides Banani area. The factor behind costly rental rates is the immense development Gulshan experienced over the last few years.

Speaking of the developments; the high standard residential apartments, hub of renowned MNCs, embassies, banks, malls, restaurants and advanced roads – make sure the rental deal is worth every penny in Gulshan. The maximum price bar hits around BDT 150,000 when it comes to rental (for 3/3+ bedroom apartments) in Gulshan 1 starting from minimum margin around BDT 50,000 (mostly in Niketan area). On the other hand, Gulshan 2 tops one of the priciest areas for rental price ranging between around BDT 50,000  to BDT 2,50,000 presenting the most exquisite apartments in the city.

Take your time and choose the best-suited location for yourself from these mentioned localities for the month of May. Keep an eye on our blog for having more updates on the other areas of Dhaka.

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