THE "TO LET" MARKET IN MOHAKHALI, DHAKA: A COMMERCIAL POWERHOUSE WITH PREMIUM RESIDENTIAL POCKETS

The "To Let" Market in Mohakhali, Dhaka: A Commercial Powerhouse with Premium Residential Pockets

The "To Let" Market in Mohakhali, Dhaka: A Commercial Powerhouse with Premium Residential Pockets

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The "To Let" Market in Mohakhali, Dhaka: A Commercial Powerhouse with Premium Residential Pockets


Mohakhali stands as one of Dhaka's most pivotal and bustling areas, functioning as a critical commercial, administrative, and transportation hub. Its "To Let" (rental) market is characterized by intense demand, particularly for commercial spaces, alongside a significant, albeit more niche, residential segment, notably Mohakhali DOHS.



Key Factors Driving Mohakhali's Rental Market:



  1. Prime Commercial Hub: Mohakhali is a major business district in Dhaka, home to numerous corporate offices, multinational companies (MNCs), IT firms, banks, and significant government and private institutions. This makes it a highly sought-after location for commercial rentals, driving consistent demand for office spaces, showrooms, and retail outlets. The demand for office spaces here is quite high, and rent is often more affordable than in Gulshan or Banani, making it an attractive option for businesses looking for value.

  2. Strategic Connectivity and Transportation Nexus: Mohakhali is a crucial communication link within Dhaka and beyond. It hosts one of the city's major bus terminals, connecting Dhaka to various districts across the country. The presence of highways, elevated expressways, and its central location ensure excellent connectivity to other key areas like Gulshan, Banani, Tejgaon, and Farmgate. The expressways have further simplified travel to and from Mohakhali, significantly increasing its demand.

  3. Mohakhali DOHS: An Affluent Residential Enclave: Within the bustling commercial landscape, Mohakhali DOHS (Defence Officers' Housing Scheme) stands out as a highly affluent, well-planned, and secure residential area. It offers a quieter, more upscale living environment with top-notch amenities, parks, and disciplined management. This area is highly sought after by high-income families and expatriates.

  4. Healthcare and Education Facilities: Mohakhali is a prominent healthcare hub, housing major hospitals and specialized medical institutions (like ICDDR,B, National Institute of of Diseases of the Chest and Hospital). It also has a good number of educational institutions, including BRAC University and Government Titumir College, contributing to both residential and commercial demand.

  5. Administrative Importance: Various key government offices and directorates are located in Mohakhali, adding to its significance and the influx of professionals.

  6. Vibrant Lifestyle & Amenities: Beyond business, Mohakhali offers a vibrant lifestyle with numerous restaurants, cafes, shopping centers (including DCC market), and brand outlets, fulfilling diverse resident and worker needs.


Types of "To Let" Properties in Mohakhali:


Mohakhali's rental market is distinctly divided into its commercial core and residential pockets:


Commercial Properties (High Demand):




  • Office Spaces: Ranging from small units to large, open-plan floors in modern high-rises. These are highly sought after by corporations, IT firms, and service industries. Available spaces can range from 1,600 sq ft to over 10,000 sq ft.

  • Shops and Showrooms: Located along main roads and commercial avenues, ideal for retail businesses seeking high visibility and foot traffic. Ground floor commercial spaces are particularly valuable.

  • Commercial Buildings/Floors: Entire buildings or dedicated floors for rent, suitable for large companies, banks, or educational institutions.

  • Warehouses/Godowns: While more concentrated in the nearby Tejgaon Industrial Area, some storage or light industrial spaces may be found in Mohakhali's periphery.


Residential Properties (Diverse Range):




  • Mohakhali DOHS Apartments: These are premium residential units, typically 3-4 bedroom spacious flats, often well-maintained, furnished, and equipped with modern amenities like lifts, generators, and round-the-clock security. This is the most sought-after residential segment in Mohakhali, representing an affluent residential area.

  • General Mohakhali Apartments: Outside DOHS, there are residential buildings offering 2-3 bedroom apartments, which can be more affordable. These are often preferred by professionals working in Mohakhali or nearby areas.

  • Bachelor Rooms/Seats: Available in specific residential pockets or shared accommodations, catering to students and single professionals. Sublets are also common in these areas.

  • Houses: Less common for rent in the densest parts, but some independent houses or duplexes might be found, particularly in older sections or the DOHS.


Rental Trends and Pricing in Mohakhali (as of mid-2025):


Mohakhali's rental market is generally considered premium, especially for commercial spaces and DOHS residential properties. Prices are high due to strategic location, demand, and quality of infrastructure.




  • Commercial Rents (Monthly):

    • Typically quoted per square foot, ranging from BDT 60 to BDT 130+ per square foot, depending on the building's prestige, amenities, and exact location (main road vs. internal lanes).

    • For example:

      • A 3,500 sq ft open commercial office space can range from BDT 200,000 to BDT 455,000+ per month.

      • A 6,100 sq ft commercial open space on a main road might be around BDT 305,000 per month.

      • A 10,000 sq ft commercial space could be BDT 1,000,000 per month.





  • Residential Rents (Monthly):

    • Mohakhali DOHS Apartments (3-4 beds): Can range from BDT 45,000 to BDT 120,000+ per month. For instance, a 3-bedroom apartment could be around BDT 45,000-55,000, while a spacious 2600-2750 sq ft, 4-bedroom furnished flat might go for BDT 110,000-120,000 per month.

    • General Mohakhali Apartments (2-3 beds): Prices might range from BDT 30,000 to BDT 60,000+ per month for standard apartments. A well-decorated 3-bed, 2-bath apartment might be around BDT 55,000/month.

    • Bachelor Rooms/Sublets: Prices typically range from BDT 9,000 to BDT 14,000+ per month, depending on sharing, facilities, and exact location.




Standard practice includes an advance payment (security deposit) of typically 1-3 months' rent, along with monthly utility and service charges. The overall residential rental market in Dhaka, including Mohakhali, has shown a steady increase, with the House Rent Index in Dhaka Division registering a 6.20% year-on-year increase in the quarter ending December 2024.



How to Find "To Let" Properties in Mohakhali:


Given the high value and commercial nature of Mohakhali properties, online platforms and professional agencies are the most effective search tools:




  1. Online Property Portals:

    • Bproperty.com: Highly recommended, with extensive listings for both commercial and residential properties in Mohakhali, including detailed descriptions, photos, and professional assistance. They often highlight key features and offer virtual tours.

    • Bikroy.com: A vast marketplace with numerous "To Let" ads in Mohakhali, including direct owner listings and offerings from various agencies. It's a good place for both high-end and more general options.

    • TheTolet.com / https://www.google.com/search?q=ToletBD.com: Specialized rental platforms that also feature properties in Mohakhali, including specific categories like "Mohakhali Bachelor Room" or "Mohakhali House Rent."

    • PropertyFinderBD.com / DhakaHome.com: Other platforms providing commercial and residential listings for Mohakhali.



  2. Real Estate Agencies/Brokers: Due to the complexity and value of properties in Mohakhali, engaging a reputable real estate agent or broker is highly advisable, especially for commercial spaces or DOHS properties. They have direct access to listings and can negotiate terms.

  3. Social Media Groups: While less formal, Facebook groups focusing on "Dhaka Commercial Rentals" or "Mohakhali DOHS Apartments" can occasionally provide leads.

  4. Direct Inquiry (for commercial): For large commercial spaces, sometimes directly contacting building management or walking through the commercial areas can reveal "To Let" signs.


Mohakhali stands as a testament to Dhaka's rapid development, offering premium rental opportunities that are central to the city's economic heartbeat while providing select pockets of high-quality residential living.

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