Dhaka, as the bustling capital and a major economic hub of Bangladesh, offers a diverse and highly dynamic real estate market. Flat rental prices vary significantly across the city, largely dependent on the location, size, age, and amenities of the property.
1. Factors Influencing Flat Rent in Dhaka
The cost of renting an apartment in Dhaka is primarily driven by the following factors:
- Location (The Primary Factor): Proximity to central business districts, diplomatic zones, top educational institutions, and hospitals significantly increases rent. Well-planned, secure, and prestigious areas command the highest prices.
- Flat Size and Layout: Naturally, larger flats with more bedrooms and greater square footage are more expensive.
- Amenities and Facilities: The presence of modern amenities like elevators, backup generators, dedicated parking, 24/7 security, community halls, and newer building construction adds to the monthly rental cost. Older buildings often offer more affordable rates.
- Utility Costs: Increases in the price of essential utility services (water, gas, electricity) often translate to a rise in house rent, as landlords sometimes pass these costs on.
- Building Condition and Age: Newer, well-maintained flats with modern designs and finishes will typically rent for more than older properties.
2. Rent Variation by Neighborhood
Rental costs are highly segmented based on the social and commercial standing of the area:
Note: The prices listed are approximate ranges for a typical multi-bedroom flat and can vary greatly depending on the specific block, road, size, and amenities.
3. Tips for Renting a Flat in Dhaka
Navigating the rental market requires careful consideration, especially given the continuous increase in housing costs.
- Start Early: Begin your search at least one to two months before your desired move-in date, particularly in high-demand areas.
- Use Multiple Channels: Utilize online property listing platforms (like Bproperty or Bikroy), local real estate agents, and word-of-mouth in the desired neighborhood.
- Inspect Thoroughly: Conduct in-person visits and check the actual condition of the flat, including flooring, electrical wiring, water pressure, and the functionality of appliances (if provided).
- Evaluate the Locality: Assess the neighborhood's safety, proximity to public transport, markets, and your daily commute. Traffic conditions can drastically affect the cost-effectiveness of a cheaper, but more distant, flat.
- Understand All Costs: Clarify the total monthly expenses. Rent is often excluding utilities (gas, water, electricity, internet), service charges (for security, common area cleaning, lift maintenance), and maintenance fees.
- Negotiate: Rent negotiation is common in Dhaka. You may be able to secure a better deal by offering a longer lease term or pointing out repairs the flat needs.
- Review the Agreement: Carefully read the rental contract, paying close attention to clauses regarding rent increases, security deposit refund conditions, and maintenance responsibilities before signing. Note that any agreement over one year should legally be registered under the Premises Rent Control Act, 1991.