Have you ever wondered how much more rent fees you will pay if you live near a metro station? Dubai Metro is an important transport option for many people, especially those who don’t have a vehicle. Therefore, a lot of people prefer to look for renting an apartment in Dubai closer to a metro station. Ideally, the closer the station, the better for commuters. But be prepared that the price of such accommodation will be higher. It doesn’t matter whether you are going to buy real estate in Business Bay or rent it.
How much renting a property near Business Bay metro station cost?
1-bedroom apartment for rent less than 500m away from Business Bay metro station is available for an average of AED 57,000 per year. Rental 1-bedroom hotel apartment at the same distance cost an average of AED 66.000. The average annual rent for 2-bedroom apartment less than 500 meters away from a metro station averages AED 101,000.
But what about apartments located more than 1 kilometer away from the metro? On average, you will pay AED 54,000 for a studio. The average rent fee is up to AED 73,000 for a 1-bedroom apartment. And you will pay about AED 108,000 to rent a 2-bedroom apartment.
Rental prices, as mentioned above, vary depending on many factors. For example, you will have to pay an extra AED 3,000 for staying near the Business Bay metro station in a 1-bedroom apartment. However, 1- and 2-bedroom apartments closer to the metro are relatively cheaper than those further away. There can be several reasons for this price difference. First, most of the developments within a 500-meter radius are quite old. Besides, Business Bay has a number of furnished and/or hotel apartments further away from the subway, which drives up prices. Another reason may be that buildings that are situated farther from the Business Bay metro station offer more spacious apartments.
The best apartment communities in Business Bay
There are several well-known apartment communities to look out for if you are looking mostly for apartments near the Business Bay metro station.
The 3 most popular apartment buildings closest to the Business Bay metro station are Falcon Tower, Manazel Al Safa, and Executive Towers.
Falcon Tower is a great option if you wish to live near the Business Bay metro station. This high-rise tower offers 1- to 3-bedroom apartments with incredible views of the surrounding scenery. The 41-story building features a swimming pool, gym, and helipad. Falcon Tower residents will have to walk 4 to 5 minutes to get to the Business Bay metro station.
If your goal is to live close to the Business Bay metro station, check out Manazel Al Safa as well. This residential tower is located closest to the metro station in the Business Bay area. The 54-story building features 2- and 3-bedroom apartments with upmarket amenities.
Executive Towers is considered to be one of the best developments in the Business Bay area. This is a complex including 12 towers. Executive Towers residents will need about 12 minutes to walk to the Business Bay MTR station. Did you know that this development offers more than 2000 apartments from studios to 4-bedroom apartments for you to choose from?
Residential communities within 500 meters to 1 kilometer from Business Bay metro station
Let’s have a look at the developments within the distance from 500 meters to 1 kilometer away from the Business Bay metro station.
Merano Tower at Business Bay is a 29-story high-rise building by DAMAC Properties offering studios and 1-, 2-, and 3-bedroom apartments. It takes about 15 minutes to walk to the metro station. But if you take a taxi, the trip will take just 6 minutes.
Quite notably, Merano Tower offers a host of modern amenities including a swimming pool, gym, high-tech security system, and an upmarket lobby.
DAMAC Maison Cour Jardin, also located on Al Abraj Street, is another great option if you prefer to live near the Business Bay metro station. The 19-storey tower features 355 apartments, including studios, 1-, 2-, and 3-bedroom apartments. The residences are fully furnished and offer a range of amenities including a swimming pool, green spaces, steam baths, sauna, and a cafe.
Ontario Tower should be on your watch list if you wish to live near a metro station in the Business Bay area. In this 29-storey tower you will find studios, 1-, and 2-bedroom apartments. The location of the tower is one of its main advantages and provides quick access to Palm Jumeirah, Dubai Internet City, and Jumeirah.
What is the Business Bay lifestyle?
Business Bay is one of the most popular apartment locations near Dubai metro stations. In addition to metro access, other benefits of living at Business Bay include the convenience of living, central location, i.e. its proximity to Downtown Dubai, as well as many properties suitable for both families and singles.
This concludes our overview of living near the Business Bay metro station and the best apartment buildings in the area. We recommend that you do your due diligence before buying or renting an apartment so that you can find the apartment that best suits your needs.
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