Properties for rent in Electra Street

In the heart of downtown Abu Dubai is Electra Street, a combination of mid-rise and high-rise buildings that are available for rent for commercial as well as residential purposes. The ground floor of most of the buildings is used for commercial purposes where the top floors are typically used for residential purposes. This developed residential community known as Electra Street is presumably named after an old shop where video games and other electronic items used to be sold. It is one of the main areas of the city within Abu Dhabi. The area has a number of retail outlets, electronic shops, supermarkets, and convenience shops called baqalas in the local language. It is situated on the western side of Tourists Club Area and eastern side of Al Danah. A few buildings in this area are skyscrapers whereas others are of normal height.

Types of Properties on Electra Street

Surrounded by a number of residential and commercial mid-rise and high-rise structures, Electra Street has a number of rental real estate options available. Most of the buildings are built according to modern standards. Electra Street is further divided into two, Sama tower and the Electra tower. Most of the apartments for rent in these buildings offers features such as a separate room for the housekeeper with an attached bath, spacious balconies, fitted kitchens with built-in cabinets and double glazed windows. Finding public transportation in this area is also easy. There are a variety of studios and  1, 2, 3 and 4-bedroom apartments as well as numerous fitted offices for commercial use available in this area.  Most of the windows in these offices are double-glazed as they aren’t only stylish but also keep the inhabitants safe from the burning summer sun. People who are looking to buy or rent a property in Abu Dhabi should consider looking into the real estate on Electra Street.

Rent Price Trends of Properties on Electra Street

The rent prices of a studio in this area vary from AED 32,000 to AED 58,000. The yearly rental price of a 1 to 2-bedroom flat in this area ranges from AED 44,000 to AED 90,000. Rent of 3 to 4-bedroom apartments in Electra Street ranges from AED 70,000 to AED 140,000. However, the price of an office for rent in Electra Street starts from AED to 25,000 and goes up to AED 5,162,400, depending on the size of the unit. All payments are made on a yearly basis.

Popular areas of Electra Street

In addition to all the commercial and residential development that the area has to offer, Electra Street also offers a number of leisure activities. There are many gymnasiums and fitness centres located within the community along with several parks where people come for their morning walk and jog. Every park in this area has a separate play area for kids. There are a number of mosques on Electra Street where a lot of people pray every day. There are two museums in the community for people interested in history. These museums are easily accessible using E10 freeway and the 5th and 9th street off Sheikh Zayed Tunnel. In addition to this, there are a lot of markets, hotels, mosques, official buildings, spas, and sports shops in this area.

Reasons for Renting on Electra Street

Located near Hamdan Street, the area of Electra Street offers everything from daily everyday necessities to other facilities such as fancy hotels, banks and hospitals. Other facilities such as reliable educational institutes are also located nearby. The rental rates in this area are affordable as compared to other commercial areas of UAE.