The Ultimate Guide to Renting an Apartment in Dhaka

Seeking for an apartment for rent in Dhaka is generally a complicated affair particularly for starters. With its diverse neighborhoods and varying rental prices, finding the perfect place requires careful consideration and planning. This guide will ensure that the exposure of these options and detailed information about the Dhaka rental market and how to go about it in terms of selecting the correct neighborhood, the cost of rent and the most significant steps towards renting a house makes the process much easier.

Understanding the Dhaka Rental Market

Living in an apartment in Dhaka can be quite a challenge especially for those who are new in the city as they seek to rent an apartment. Bangladesh’s capital city is Dhaka which is currently home to more than 20 million people and the city itself is vast. There are quite a few different neighborhoods within the city, each of which has a more distinct feel compared to the others and boasts various services and facilities.

Key Areas in Dhaka

Here are some of the main areas in Dhaka where you might consider renting an apartment:

  1. Gulshan:

It has been acknowledged mainly because of its prestigious houses and location that neighbors some of the foreign missions and International organizations.

  1. Banani:

It is another residential locality with many apartments and other accommodations of high standards and well-connected to other parts of the city.

  1. Dhanmondi:

It is within the district preferred by families and students since the property has both residential and commercial properties.

  1. Uttara:

A populous recruiting area with numerous varieties of homes to rent and purchase within an assortment of price ranges.

  1. Mirpur:

It has many more renting choices and seeing increase in the quality of roads.

Factors Affecting Rent Prices

Several factors influence the rental prices in Dhaka:

Location: The following are factors that make an area suitable for investment: the nearness to business centers, schools, hospitals and shopping malls.

Size and Type of Apartment: Apartments, studios, two stages, one stage, and so on.

Amenities: As such security, parking, gym, pool and any other facilities required will be facilitated.

Condition of the Apartment: The rents are usually high in new or well maintained apartments In handling matters relating to apartments.

Floor Level: Rooms with high floors and better qualities and a view leeward cost more money.

Average Rental Prices

To give you a better idea, here's a table with average rental prices for different areas in Dhaka:

Area

1 BHK (Monthly)

2 BHK (Monthly)

3 BHK (Monthly)

Gulshan

BDT 50,000

BDT 80,000

BDT 1,20,000

Banani

BDT 45,000

BDT 70,000

BDT 1,00,000

Dhanmondi

BDT 30,000

BDT 50,000

BDT 70,000

Uttara

BDT 25,000

BDT 40,000

BDT 60,000

Mirpur

BDT 20,000

BDT 30,000

BDT 50,000

 

Steps to Renting an Apartment

  • Determine Your Budget

Before you start looking for an apartment, it's essential to determine your budget. Consider all your monthly expenses and decide how much you can afford to spend on rent. A good rule of thumb is to keep your rent within 30% of your monthly income.

  • Research the Neighborhoods

Research different neighborhoods to find the one that best suits your needs. Consider factors like proximity to work, schools, hospitals, and shopping centers. Visit the areas at different times of the day to get a feel for the neighborhood.

  • Use Online Platforms and Agents

Use online platforms like Partners.com.bd to browse available apartments. These platforms often provide detailed listings with photos, prices, and contact information.

  • Visit Multiple Apartments

Don't settle for the first apartment you see. Visit multiple apartments to compare prices, amenities, and conditions. Pay attention to the apartment's layout, natural light, ventilation, and overall condition.

  • Check the Lease Agreement

Once you find a suitable apartment, carefully review the lease agreement. Ensure it includes all terms and conditions, such as rent amount, security deposit, maintenance charges, and the lease duration.

  • Negotiate the Rent

In Dhaka, there is often room for negotiation. Don't hesitate to negotiate the rent with the landlord.

  • Secure the Apartment

Once you agree on the terms, sign the lease agreement and pay the security deposit.

Final Words

Renting an apartment in Dhaka involves several steps, from budgeting and researching neighborhoods to visiting apartments and negotiating rents. By following this guide, you can make informed decisions and find an apartment that meets your needs and budget. Remember to review the lease agreement carefully and document the apartment's condition before moving in to ensure a smooth rental experience.