Have you wondered how much more you end up paying as rent when you choose to live near a Metro station in Dubai? The Dubai Metro is an essential mode of transportation for many, especially those who don’t own a car. Naturally, many people look for rental apartments in Dubai closer to the Metro station – the nearer it is, the better for regular commuters. Today we look at how much more you pay for living near the Business Bay metro station in Dubai.
LIVING IN BUSINESS BAY
Business Bay is one of the most popular areas for people in search of an apartment for rent near Dubai Metro stations. This centrally located neighbourhood provides easy access to amenities, and a luxurious lifestyle, and is good for both families and singles thinking of living in Business Bay. Over the years, Business Bay has developed into a major commercial and residential district. The area’s proximity to Downtown Dubai only adds to its overall charm for those considering to move to the mixed-purpose community.
One of the more decisive factors for many is the easy availability public transport in Business Bay. The Business Bay Metro Station lies on the Red Line and is surrounded by residential buildings with upscale apartments for rent in Business Bay. Those who want to live near the metro station in Business Bay must take into account the additional cost of doing so.
LIVING NEAR THE BUSINESS BAY METRO VS LIVING FAR FROM IT
APARTMENT TYPE | AVG. RENT FOR FLATS LESS THAN 1KM AWAY | AVG. RENT FOR FLATS MORE THAN 1KM AWAY | DIFFERENCE IN COST |
|---|---|---|---|
APARTMENT TYPE Studio | AVG. RENT FOR FLATS LESS THAN 1KM AWAY AED 53,000 | AVG. RENT FOR FLATS MORE THAN 1KM AWAY AED 48,000 | DIFFERENCE IN COST AED 5,000 |
APARTMENT TYPE 1-Bed | AVG. RENT FOR FLATS LESS THAN 1KM AWAY AED 70,000 | AVG. RENT FOR FLATS MORE THAN 1KM AWAY AED 66,000 | DIFFERENCE IN COST AED 4,000 |
APARTMENT TYPE 2-Bed | AVG. RENT FOR FLATS LESS THAN 1KM AWAY AED 99,000 | AVG. RENT FOR FLATS MORE THAN 1KM AWAY AED 93,000 | DIFFERENCE IN COST AED 6,000 |
According to the data collected from listings on Bayut, the average rent for a studio apartment located less than 1km away from the Business Bay Metro station is AED 53k per annum. Those looking for 1-bed apartments within the same distance must be prepared to pay AED 70k in rent. The annual rent for 2-bed flats averages at AED 99k.
These prices are much higher compared to the average rents observed for apartments located at a distance of more than 1 km from the metro, which stand at AED 48k for studios, AED 66k for 1-bed flats and AED 93k for 2-bed units. Obviously, living close to the Business Bay metro comes with additional cost.
So, if you choose to live within a 1 km distance from the Business Bay metro, you end up paying AED 5k more as rent for studios. An extra AED 4k goes out of your annual budget into rent for a 1-bed flat and you forego savings worth AED 6k on average when renting a 2-bed apartment. It’s all a matter of preference – savings vs metro accessibility.
BEST BUILDINGS TO RENT APARTMENTS CLOSEST TO BUSINESS BAY METRO STATION
For potential tenants, there is a wide variety of rental apartments in Business Bay to choose from. If you’re particularly looking for flats near the Business Bay Metro Station there are some well-known residential buildings to consider.
The three most popular buildings to rent apartments nearest to the Business Bay metro station include:
EXECUTIVE TOWERS
Counted among the best buildings to rent apartments in Business Bay, Executive Towers is located approximately 900 m away from the nearest station of the Dubai Metro. It will take residents of Executive Towers around 12 minutes to walk to the Business Bay Metro station. The rent for apartments in Executive Towers varies between AED 45k and AED 180k as per current listings, depending on the apartment type and size.
AL BATHA TOWER
If living near the Business Bay Metro Station is something you want to do, Al Batha Tower is another good option to consider. This residential building offers apartments closest to the metro station in Business Bay – located less than 200 m from it. Those considering apartments for rent in Al Batha Tower should be prepared to pay anything in excess of AED 84k for 2-bed apartments. This residential building has only 2 and 3-bed units.
FALCON TOWER
Another great building to consider for living in proximity to the metro station in Business Bay is Falcon Tower. Residents of Falcon Tower can access the Business Bay metro station after a short 14-minute walk. Apartments in Falcon Tower have average rents starting from AED 62k.
HOW MUCH DO YOU PAY FOR STAYING FAR FROM THE BUSINESS BAY METRO
APARTMENT TYPE | AVG. RENT FOR FLATS BETWEEN 1 & 2KM AWAY | AVG. RENT FOR FLATS MORE THAN 2KM AWAY | DIFFERENCE IN COST |
|---|---|---|---|
APARTMENT TYPE Studio | AVG. RENT FOR FLATS BETWEEN 1 AND 2KM AWAY AED 50,000 | AVG. RENT FOR FLATS MORE THAN 2KM AWAY AED 47,000 | DIFFERENCE IN COST AED 3,000 |
APARTMENT TYPE 1-Bed | AVG. RENT FOR FLATS BETWEEN 1 AND 2KM AWAY AED 69,000 | AVG. RENT FOR FLATS MORE THAN 2KM AWAY AED 64,000 | DIFFERENCE IN COST AED 5,000 |
APARTMENT TYPE 2-Bed | AVG. RENT FOR FLATS BETWEEN 1 AND 2KM AWAY AED 96,000 | AVG. RENT FOR FLATS MORE THAN 2KM AWAY AED 90,000 | DIFFERENCE IN COST AED 6,000 |
While it’s obvious that people pay more for staying near the metro station in Business Bay, what about the rent for apartments located slightly farther? Let’s take a look at the buildings which are located within a 1-2 km radius from the metro in Business Bay. Studio apartments here have an average price of AED 50k. The average rent of 1-bed flats here is AED 69k and for 2-bed apartments, you can expect to pay AED 96k on an average.
Increase the distance to more than 2 km from the Business Bay Metro Station, and you will observe a further decrease in prices. Tenants here can expect to pay an average rent of AED 47k for studios, AED 64k for 1-bedroom apartments and AED 90k for 2-bed flats.
Even among the flats located farther from the metro, the ones comparatively closer sport a higher rent than others.
BEST BUILDINGS BETWEEN 1 AND 2 KM DISTANCE FROM BUSINESS BAY METRO STATION
Let’s look at the most popular buildings in Business Bay to rent apartments within a 1 to 2 km distance from the metro.
PARK CENTRAL
Park Central in Business Bay is located on Al A’amal Street. Apartments for rent in Park Central Business Bay are located about 2 km from the metro station. Walking there is obviously not recommended, but if you take an RTA Taxi, the ride would last around 6 minutes. As per current listings on Bayut, you can rent apartments in Park Central for a starting price of AED 35k.
CHURCHILL RESIDENCE
Also located on Al A’amal Street, Churchill Residence is also within a 1-2 km radius of the Business Bay metro. Apartments for rent in Churchill Residence come in 1, 2, 3 and 4-bed layouts. The current asking rents for these units varies between AED 52k and AED 115k.
U-BORA TOWER
Another building located 1-2 km away for those looking at living near the metro station in Business Bay is U-Bora Tower. The rent for apartments in U-Bora Tower start from AED 55k as per current listings on Bayut.
BEST BUILDINGS TO RENT FLATS OVER 2 KM AWAY FROM THE METRO STATION
If you prefer to save the additional rent associated with living close to the Business Bay metro, you can consider these residential buildings in Business Bay.
CAPITAL BAY TOWERS
Located 3.4 km away from the metro station, Capital Bay Towers offer proximity to various retail outlets and restaurants in Business Bay, including the famous Kitchen 6. The rent for apartments in Capital Bay Towers ranges between AED 35k and AED 150k as per currently advertised listings on Bayut.
MAYFAIR RESIDENCY
Located over 3 km away from the metro in Business Bay, Mayfair Residency features 1 and 2-bed units for rent. Standing alongside the Dubai Creek, apartments for rent in Mayfair Residency offer waterfront views, with average rent varying between AED 37k and AED 85k.
There you have it – a complete round up of the additional cost of living near Business Bay Metro Station and the best buildings to rent apartments in Business Bay, based on your preferences.
For those of you who want to enjoy the upscale lifestyle of Business Bay without spending too much on rent, find a rental apartment farther away from the metro. Tenants who prioritise having the metro station nearby can look for flats within the 1km radius. However, if you want the best of both worlds – rentals apartments within 1 to 2 km distance are your best bet.
If you think the average rents in Business Bay are on the higher side for you, take a look at the more affordable residential areas near the metro in Dubai.
