THE "TO LET" MARKET IN MIRPUR 12: A NEIGHBORHOOD ON THE RISE

The "To Let" Market in Mirpur 12: A Neighborhood on the Rise

The "To Let" Market in Mirpur 12: A Neighborhood on the Rise

Blog Article


Mirpur 12, a bustling locality within the larger Mirpur area of Dhaka, has emerged as a highly sought-after destination for rental properties. Its strategic location, improved connectivity, and a blend of residential and commercial offerings contribute to a vibrant and competitive "To Let" market.



Key Drivers of Mirpur 12's Rental Market:



  1. Metro Rail Connectivity: The most significant game-changer for Mirpur 12 has been the Dhaka Metro Rail (MRT Line 6). With a station directly in Mirpur 12 (Pallabi Metro Station is very close), connectivity to other parts of Dhaka, especially Farmgate, Karwan Bazar, and eventually Motijheel, has dramatically improved. This ease of commute has made Mirpur 12 highly attractive to professionals, students, and families looking for accessible living. Indeed, reports indicate that the metro rail has significantly increased demand for apartments and pushed up rental prices in the broader Mirpur area.

  2. Affordability within Dhaka: Compared to the more upscale areas like Gulshan, Banani, or Dhanmondi, Mirpur 12 generally offers more affordable rental options while still providing decent facilities. This makes it an ideal choice for middle-income families, young professionals, and students.

  3. Educational Hub Proximity: Mirpur, in general, is home to numerous educational institutions, including schools, colleges, and coaching centers. While not directly in Mirpur 12, its excellent connectivity to other Mirpur sections and beyond makes it convenient for students.

  4. Growing Commercial Activity: Mirpur 12 is seeing increased commercial development. Local markets, shops, and new business establishments are emerging, creating demand for commercial rental spaces and job opportunities, which in turn fuels residential demand.

  5. Diverse Community: Mirpur 12 is known for its diverse population, leading to a colorful and festive atmosphere throughout the year. This vibrant community life is an added appeal for many.


Types of "To Let" Properties in Mirpur 12:


Mirpur 12 offers a wide variety of rental options to cater to its diverse population:




  • Bachelor Seats/Rooms: A very popular segment due to the student population and single professionals. You can find individual rooms or shared "seats" in messes. Prices are relatively affordable.

  • Family Apartments: Ranging from 2-bedroom to 3-bedroom units, these are the most common type of residential rental. They vary in size, amenities, and price points, catering to different family sizes and budgets.

  • Sublets: Often available for short-term stays or when a tenant needs a roommate for an existing apartment.

  • Commercial Spaces: Mirpur 12 offers spaces for various commercial needs, including:

    • Office Spaces: Suitable for small to medium-sized businesses, startups, and branch offices.

    • Shops and Showrooms: Ideal for retail businesses benefiting from local foot traffic.

    • Warehouses/Godowns: Less common in the densest residential parts but available in nearby commercial zones of Mirpur.




Rental Trends and Pricing:


The rental market in Mirpur 12 is competitive, with prices influenced by factors such as:




  • Proximity to Metro Rail: Properties closer to the metro stations (like Pallabi) typically command higher rents due to enhanced connectivity.

  • Amenities: Buildings with lifts, 24/7 security, generator backup, dedicated parking, and gas/water/electricity connections will have higher rents.

  • Property Condition: Newer or well-maintained apartments with modern fittings are more expensive.

  • Size and Type: Larger apartments and prime commercial spaces naturally have higher price tags.


General Price Ranges (as of late 2024/early 2025, subject to change):




  • Bachelor Seats: BDT 2,500 - 6,000+ per month.

  • Bachelor Rooms: BDT 5,000 - 10,000+ per month.

  • Family Apartments (2-3 beds): BDT 15,000 - 35,000+ per month, depending heavily on size, location, and facilities. Some larger or highly-furnished units might exceed this range.

  • Commercial Spaces: Highly variable. Small shops could start from BDT 10,000-20,000. Office spaces can range from BDT 30,000 to over BDT 100,000+ for larger floors, depending on the area and building quality.


Standard practice typically involves an advance payment equivalent to 1-3 months' rent, along with monthly utility and service charges.



How to Find "To Let" Properties in Mirpur 12:


The digital age has made finding rental properties in Mirpur 12 significantly easier:




  1. Online Property Portals: These are the most effective tools.

    • Bikroy.com: Offers a vast number of listings for all types of rentals in Mirpur 12, with good filtering options.

    • Bproperty.com: Provides more detailed listings, often with professional photos, virtual tours, and agent assistance, covering both residential and commercial properties.

    • TheTolet.com / https://www.google.com/search?q=ToletBD.com: These specialized rental platforms have specific sections for Mirpur 12, offering detailed breakdowns for bachelor, family, and commercial rentals.

    • Aabason.com: Another platform listing commercial and residential properties for rent in Mirpur 12.



  2. Social Media Groups: Active Facebook groups dedicated to "Mirpur To Let," "Mirpur Room Rentals," or "Dhaka Rental Properties" are excellent for finding direct owner listings, especially for bachelor accommodations and sublets.

  3. Local Brokers/Agents: Many local real estate brokers operate in Mirpur 12 and have a good understanding of available properties. They can save time but typically charge a commission (usually a percentage of one month's rent).

  4. Traditional "To Let" Boards: While less dominant, physical "To Let" signs can still be found in residential alleys and near commercial buildings, offering direct contact with landlords.


Mirpur 12's "To Let" market is a dynamic reflection of Dhaka's rapid urban expansion and improved infrastructure. Its blend of affordability, strong connectivity, and growing amenities makes it a compelling choice for a wide array of tenants seeking a home or commercial space in the bustling capital.

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