The Karachi real estate sector experiences a period of revival after decades of political and security imbalances, which obliged many citizens to flee to safer cities in the metropolis. Karachi, full of investment options, regains the magic it once was famous for.
Karachi’s real estate market never seems inactive since it is home to over 200 million people. Whatever the ups and downs at the retail front, there are always a large number of tenants in the metropolis. So, being a property dealer in Karachi is beneficial in every sense.
There are a lot of options for rental properties in Karachi. From a sharing room or a small apartment in the heart of town and from luxury farmhouses to rental of luxury bungalows.
A range of leasing alternatives provides potential tenants with plenty of options. It lets homeowners, as well as finding affordable housing in their reach, produce a guaranteed and secure monthly income stream. The city’s rental market is extremely profitable in all of these factors.
Moving forward, let’s list down the most popular localities for rents in Karachi.
Gulshan-e-Iqbal Town
For all the right reasons, Gulshan-e-Iqbal has outpaced both the demand and buying options for Rental Property. Just a few minutes away from Shahrah-e-Faisal along the university route, the town is accessible from both main roads conveniently to the main airport of the country, the Jinnah International Terminal and to other commercial areas.
The presence of Karachi’s favorite place offers Safari Park and Aladin Amusement Park which adds to its favorability, although the abundance of houses, apartments and reasonable rates is crucial to potential residents. Close to the Karachi University in the east adds it’s likeability.
DHA, Karachi
DHA comes in second place in buying and renting trends after Gulshan-e-Iqbal. It is very popular among the Karachi people. The neighborhood ensures security along with many full-fledged commercial zones and purpose-built recreational areas of the residents.
Zamzama is the nucleus of culture as a commercial hub. The viewing phase of the sea adds excellent value. In the metropolis, Clifton and DHA, are the locations for a good lifestyle. There’s going to be malls. Local and international brands, food and beverage outlets compliment this region perfectly. You will certainly want its pleasant atmosphere and easy reach.
Gulistan-e-Jauhar
Gulistan-e-Jauhar has clinched the third position on Karachi’s ranking among the most famous rental locations. The area has all the amenities needed for house seekers to the tenant. Everything that makes this place a perfect choice for you, from education and health institutes to fine dining and recreational activities.
The site is also centrally located in Karachi, close to Gulshan-e-Iqbal. On the contrary, DHA, and Gulshan-e-Iqbal, there is a relatively higher number of units available for rent. Every real estate agent Karachi recommends Johar for renting options.
Blocks 15, 16, 17, 18 and 19 are among the most popular blocks in the area. There are various high-end and affordable apartments in block 1, 2, 3, 4 and 15, which means that average rent prices for these blocks are higher.
In addition, there are a number of 240 square yard houses in Gulistan-e- Jauhar, which are very popular for the tenants.