Do you pay more for staying near Business Bay Metro Station?
- Overview
- Apartments Closest to the Metro Station
- Apartments Between 500m and 1 km
- Apartments Over 1 km
- FAQs
Ever wonder how much more rent you’d end up paying when living near a metro station? The Dubai Metro is an essential mode of transportation for many, especially those who don’t own a car. Hence, many people prefer looking for rental apartments in Dubai closer to the metro station. Ideally, the nearer the station, the better it is for regular commuters. Today we look at how much more you pay for living near the Business Bay Metro Station in Dubai.
LIVING NEAR THE BUSINESS BAY METRO VS LIVING FAR FROM IT
Generally, you can expect to pay more to live near the station. But that’s not always the case. Here’s a breakdown of the average rents of apartments based on the distance from the metro station.
Bed size | Less than 500m away | Between 500m and 1km | More than a 1km |
|---|---|---|---|
Bed size Studio | Less than 500m away AED 57,000 | Between 500m and 1km AED 54,000 | More than a 1km AED 54,000 |
Bed size 1-Bed | Less than 500m away AED 66,000 | Between 500m and 1km AED 72,000 | More than a 1km AED 73,000 |
Bed size 2-Bed | Less than 500m away AED 101,000 | Between 500m and 1km AED 112,000 | More than a 1km AED 108,000 |
- A studio apartment for rent less than 500m away from the Business Bay Metro Station is available for AED 57k per annum.
- Those looking for 1-bed rental apartments within the same distance would pay AED 66k, on average.
- The average annual rent for 2-bed flats less than 500 m from the metro station averages at AED 101k.
The asking rents vary slightly for apartments within the 500m to 1km range.
- Expect to pay AED 54k on average for a rental studio.
- The average rent rises to AED 72k for a 1-bed flat.
- You would have to pay AED 112k to rent a 2-bed apartment within the same distance.
But what about apartments located more than 1km away from the metro station? Here’s an overview of the rental trends for these properties.
- On average, you would pay AED 54k for a studio unit.
- The average rent rises to AED 73k for a 1-bed flat.
- AED 108k is the average rent for a 2-bed apartment.
The rental prices, as stated earlier, vary depending on a variety of factors. For instance, you would have to pay AED 3k extra for living near Business Bay Metro Station in a studio flat.
However, the 1 and 2-bed apartments closer to the metro station are comparatively cheaper than the ones farther away. There could be several reasons for this price disparity. Firstly, most buildings within the 500m radius are old constructions.
Additionally, Business Bay is home to a number of furnished and/or hotel apartments located farther away from the metro, which may contribute to the increased prices. Another reason could be that the buildings not located close to the Business Bay Metro Station offer properties with bigger square footage.
BEST BUILDINGS TO RENT APARTMENTS CLOSEST TO BUSINESS BAY METRO STATION
Potential tenants have a wide variety of rental apartments in Business Bay to choose from. And there are some well-known residential buildings to consider if you’re mainly looking for flats near the Business Bay Metro Station.
- 1 BED
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- 2 BATHS
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- 835 SQFT
- STUDIO
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- 1 BATH
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- 654 SQFT
- 1 BED
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- 1 BATH
- |
- 951 SQFT
- STUDIO
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- 1 BATH
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- 494 SQFT
- 1 BED
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- 2 BATHS
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- 837 SQFT
The three most popular buildings to rent apartments nearest to the Business Bay Metro Station include Falcon Tower, Manazel Al Safa and residential towers in the grand Executive Towers complex.
FALCON TOWER
Falcon Tower is an excellent option if you prefer living near Business Bay Metro Station. You can find 1 to 3-bed apartments in the building offering incredible area views. The 41-storey building has a pool, a gym and a helipad. Residents of Falcon Tower can find Business Bay Metro Station within a 4 to 5-minute walking distance.
- The average rent for 1-bed apartments in Falcon Tower stands at AED 66k.
- It rises to AED 91k for a 2-bed flat.
MANAZEL AL SAFA
If living near the Business Bay Metro Station is your goal, consider Manazel Al Safa. This residential building offers apartments closest to the metro station in Business Bay. The 54-storey building features 2 and 3-bed flats with top-class amenities.
- The average rent for a 2-bed flat in Manazel Al Safa is AED 106k.
EXECUTIVE TOWERS
Counted among the best buildings to rent apartments in Business Bay, Executive Towers is a 12-tower complex by Dubai Properties. It will take residents of Executive Towers around 12 minutes to walk to the Business Bay Metro station. Did we tell you there are over 2,000 units in studio to 4-bed configurations that you can choose from?
- The average rent for a studio in Executive Towers is AED 55k.
- You would have to pay an average price of AED 72k for a 1-bed flat.
- The average rent rises to AED 105 for a 2-bed flat.
APARTMENTS LOCATED BETWEEN 500M AND 1KM OF THE METRO STATION
Let’s look at the buildings within a 500m to 1km radius of the metro link in Business Bay.
MERANO TOWER
Merano Tower in Business Bay is a 29-storey building by DAMAC Properties offering studios, 1, 2 and 3-bed flats. It takes about 15-minutes to walk from the building to the metro station. But if you take an RTA Taxi, the ride would only take 6 minutes.
Importantly, Merano Tower offers many modern amenities, including a pool, a gym, high-tech security and a high-end lobby.
- As per current listings on Bayut, you can rent a studio in Merano Tower for AED 50k on average.
- The average rent climbs to AED 68k for a 1-bed flat.
- The average yearly monetary outlay for a 2-bed flat is AED 108k.
DAMAC MAISON COUR JARDIN
Also located on Al Abraj Street, DAMAC Maison Cour Jardin is another top option if you prefer living near Business Bay Metro Station. The 19-storey building has 355 units, including studios, 1, 2 and 3-bed apartments. The properties are fully furnished and offer a range of amenities, including a pool, green spaces, steam rooms, a sauna and a cafe.
- The average rent for a studio is AED 55k.
- It goes up to AED 72k for a 1-bed flat in DAMAC Maison Cour Jardin.
ONTARIO TOWER
Ontario Tower should be on your list if you want to live near the metro station in Business Bay. You can find studios, 1 and 2 apartments in this 29-storey building. The tower’s location is one of its USPs and allows quick access to Palm Jumeirah, Dubai Internet City and Jumeirah.
- You would pay on average AED 65k for a 1-bed flat in Ontario Tower.
BEST BUILDINGS TO RENT FLATS OVER 1 KM AWAY FROM THE METRO STATION
Here’s a look at the most popular buildings located over 1km away from the Business Bay Metro Station.
BAYZ BY DANUBE
The Business Bay Metro Station is around an 8 to 10-minute drive from Bayz by Danube. The apartments offer top-class amenities, including a kid’s area, pool, health club, sauna, steam room, and barbecue deck. The apartments are elegantly designed, keeping in mind the modern tastes of consumers.
- The average rent for a studio in Bayz by Danube is AED 50k.
- It rises to AED 75k and AED 104k for a 1 and 2-bed flat.
AG TOWER
The 29-storey AG Tower offers incredible views of the Dubai Water Canal, and Dubai Skyline and features studios, 1 and 2-bed units for rent.
- To rent a studio in AG Tower, you will have to pay AED 54k.
- The average rent for a 1-bed flat in AG Tower is AED 67k.
- The average rent rises to AED 94k for a 2-bed flat.
MILLENNIUM BINGHATTI RESIDENCES
Rounding off our list is Millennium Binghatti Residences. It offers beautifully designed properties and plenty of top-class amenities. This apartment building in Business Bay is around a 10-minute drive from the metro station.
- The average rent for a studio in Millennium Binghatti Residences is AED 55k, on average.
- It rises to AED 69k and 106k for 1 and 2-bed flats.
FAQS
WHAT IS IT LIKE LIVING IN BUSINESS BAY?
Business Bay is one of the most popular areas for finding apartments for rent near a Dubai Metro station. Besides access to the metro, other advantages of living in Business Bay include the availability of lifestyle amenities, a central location that puts it in proximity to Downtown Dubai, and a variety of properties that are suitable for both families and singles.
WHAT ARE THE OTHER AVAILABLE OPTIONS FOR PUBLIC TRANSPORT IN BUSINESS BAY?
Living near Business Bay Metro Station means easy access to the Red Line metro link. But you can also find other modes of public transport in the area. Read our guide to public transport in Business Bay to learn more.
There you have it – a complete round-up of the cost of living near Business Bay Metro Station and the best buildings to rent apartments in Business Bay, based on your preferences. Keep an eye on the asking rents to better manage your total cost of living in Dubai.
As evident from the data above, it is not necessary that you have to pay a premium price for living near Business Bay Metro Station. There are instances where apartments farther away have even higher rents. Remember, multiple factors are involved in determining the property’s rental value, including square footage, tower construction, amenities on offer, etc. It’s up to you to do the proper research and choose a flat that best suits your requirements.
If you think the average rents in Business Bay are higher, check out the more affordable residential areas near the metro in Dubai.
