The extra cost of renting apartments near the metro in JLT
When it comes to apartment living in Dubai, Jumeirah Lake Towers is one of the most popular areas among tenants. The neighbourhood offers stylish apartments with competitive rents, ideal for anyone looking for an upscale yet affordable lifestyle. A lot of people prefer Jumeirah Lake Towers for its convenient access to the Dubai Metro, even if they have to pay higher rents for living near a metro station in JLT.
Today, we look at the extra cost of renting an apartment near Jumeirah Lake Towers metro stations.
LIVING IN JUMEIRAH LAKE TOWERS
Jumeirah Lake Towers is a highly sought-after neighbourhood among home seekers who prefer apartment living. The district offers affordable properties, excellent connectivity, some great restaurants and an abundance of amenities to its residents.
Foodies can find plenty of good restaurants in JLT. Residents don’t have to look too far to find a reliable home delivery laundry service in JLT near them. The availability of spas in JLT ensures that you have places to indulge in some self-pampering. Fitness enthusiasts can find gyms in JLT near their homes. Jumeirah Lake Towers is also one of the most popular pet-friendly communities in Dubai that attracts pet parents looking for a comfortable home for them and their fur babies. There’s even a Dog Park in JLT.
Besides all the conveniences JLT offers, one of its biggest advantages is the ideal location. The district sits on Sheikh Zayed Road (E11) with the happening Dubai Marina, JBR and Palm Jumeirah neighbourhoods and all the fun things they offer in the nearby vicinity. However, one cannot rule out the fact that the availability of public transport in JLT, particularly the Dubai Metro, acts as a major deciding point for people who choose to live here.
LIVING NEAR A METRO STATION IN JLT VS LIVING FAR FROM IT
There are two metro stations in JLT – the DMCC Metro Station and the DAMAC Properties Metro Station. For this post, we have used the DMCC Metro Station as the point of reference for distance calculations.
APARTMENT TYPE | AVG. RENT FOR FLATS LESS THAN 500M AWAY | AVG. RENT FOR FLATS MORE THAN 500M AWAY | DIFFERENCE IN COST |
|---|---|---|---|
APARTMENT TYPE Studio | AVG. RENT FOR FLATS LESS THAN 500M AWAY AED 40,000 | AVG. RENT FOR FLATS MORE THAN 500M AWAY AED 39,000 | DIFFERENCE IN COST AED 1,000 |
APARTMENT TYPE 1-Bed | AVG. RENT FOR FLATS LESS THAN 500M AWAY AED 61,000 | AVG. RENT FOR FLATS MORE THAN 500M AWAY AED 58,000 | DIFFERENCE IN COST AED 3,000 |
APARTMENT TYPE 2-Bed | AVG. RENT FOR FLATS LESS THAN 500M AWAY AED 94,000 | AVG. RENT FOR FLATS MORE THAN 500M AWAY AED 73,000 | DIFFERENCE IN COST AED 21,000 |
Based on the data collected from the listings on Bayut, the cost of renting a studio near Jumeirah Lake Towers metro stations averages at AED 40k. The 1-bed apartments near to the metro in JLT have an average rent of AED 61k. Tenants can expect to pay AED 94k for a 2-bed flat. These properties are mostly located within a 500m distance from the metro.
Those not keen on living near the metro station in JLT can look for apartments outside of the 500m radius. Here, the average rents drop to AED 39k for studios. Tenants can get a 1-bed flat for AED 58k, whereas a 2-bed rental flat costs only AED 73k per annum.
If you compare the prices, it is obvious that the cost of renting an apartment near Jumeirah Lake Towers metro stations is considerably higher. If you choose not to live close to the metro, you can save up to AED 1,000 per year on renting a studio. You will pay AED 3k less on a 1-bed apartment and renting a 2-bed apartment away from the metro will save you a whopping AED 21k annually.
BEST BUILDINGS TO RENT APARTMENTS CLOSEST TO THE METRO STATION IN JLT
Jumeirah Lake Towers is a haven for people who prefer apartment living. The flats for rent in JLT are available in a variety of size and rent brackets, so potential tenants can always find properties that suit their requirements. For those who prefer living near the metro station in JLT, these are the most popular buildings for renting apartments.
LAKE CITY TOWER
Located in Cluster D, at a short 240m distance from the metro in JLT, Lake City Tower is barely a 3-minute walk away from the metro station in JLT. This residential complex is counted among the best buildings to rent apartments in JLT and offers great options for those interested in studios, 1-bed and 2-bed flats close to the metro in JLT. The apartments for rent in Lake City Towers have a starting price of AED 26k as per current listings on Bayut.
LAKE VIEW TOWER
Lake View Tower ranks second among the best buildings to rent apartments near the metro in JLT. The tower is located in Cluster B at a short 5-minute walk from the metro. To rent a flat in Lake View Tower, tenants must be prepared to pay anything in excess of AED 26k. Tenants can choose from studio, 1-bed or 2-bed apartments in the tower.
LAKE TERRACE
If you’re in search of rental apartments for living near the metro station in JLT, consider the properties in Lake Terrace. Having an apartment here puts you at a 5-minute walk away from the DMCC Metro Station. The rent for apartments in Lake Terrace ranges between AED 32k and AED 85k.
COST OF RENTING APARTMENTS FAR FROM THE METRO STATION IN JLT
APARTMENT TYPE | AVG. RENT FOR FLATS BETWEEN 500M & 1KM AWAY | AVG. RENT FOR FLATS MORE THAN 1KM AWAY | DIFFERENCE IN COST |
|---|---|---|---|
APARTMENT TYPE Studio | AVG. RENT FOR FLATS BETWEEN 500M & 1KM AWAY AED 39,000 | AVG. RENT FOR FLATS MORE THAN 1KM AWAY AED 39,000 | DIFFERENCE IN COST N/A |
APARTMENT TYPE 1-Bed | AVG. RENT FOR FLATS BETWEEN 500M & 1KM AWAY AED 60,000 | AVG. RENT FOR FLATS MORE THAN 1KM AWAY AED 56,000 | DIFFERENCE IN COST AED 4,000 |
APARTMENT TYPE 2-Bed | AVG. RENT FOR FLATS BETWEEN 500M & 1KM AWAY AED 80,000 | AVG. RENT FOR FLATS MORE THAN 1KM AWAY AED 71,000 | DIFFERENCE IN COST AED 9,000 |
Tenants who want to rent apartments farther away from the metro in JLT, can consider apartments located between the 500m and 1 km mark and those located more than 1 km away.
For those who prefer living near the metro station in JLT without spending too much on rent, the apartments within the 500m and 1 km distance are the best option. You can easily rent a studio here for AED 39k. The cost of 1-bed and 2-bed flats for rent is AED 60k and AED 80k respectively.
Studio flats located more than 1 km away from the metro cost the same as those located within the 500m and 1 km distance. The average rent for 1-bed apartments is AED 56k. Tenants can expect to pay around AED 71k for 2-bed units.
BEST BUILDINGS LOCATED BETWEEN 500M AND 1 KM FROM THE METRO
Let’s now look at the most popular buildings to rent apartments located within the 500m and 1 km radius from the metro
NEW DUBAI GATE 2
To avoid the extra cost of renting an apartment near the metro in Jumeirah Lake Towers, look at the studio, 1 and 2-bed units in New Dubai Gate 2. The building is located in Cluster A, about 10 minutes’ walk away from the metro. To rent flats in New Dubai Gate 2 tenants need to have a minimum budget of AED 29k.
SABA TOWER
If you wish to live near the metro station in JLT, without spending excessively on rent, Saba Tower 2 is another good option to consider. Located less than 10 minutes away, Saba Towers brings you the best of both worlds in terms of rent and proximity to the metro in JLT. The building offers studios, 1 and 2-bed flats for rent. The rent for apartments in Saba Tower 2 starts at AED 33k as per current listings on Bayut.
O2 RESIDENCE
O2 Residence is centrally located to provide you adequate proximity to both DMCC and DAMAC Properties Metro Stations in JLT. This is one of the best buildings to rent apartments in JLT if you want to save on rent without living too far away from the metro. Tenants can find apartments for rent in O2 Residence for a starting price of AED
BEST BUILDINGS TO RENT FLATS OVER 1 KM AWAY FROM THE METRO STATION
Our last set of buildings are ideal for those who don’t want to live near the metro in JLT. These buildings are located more than 1 km away from the metro station, which is considered far by the JLT standards.
LAKE POINT TOWER
For those of you who do not prioritise living close to the metro in JLT, the Lake Point Tower is one of the best buildings to rent apartments. Tenants can find studio, 1, 2 and 3-bed apartments for rent in Lake Point Tower within the AED 35k and AED 120k price range.
PREATONI TOWER
You can easily avoid the extra cost of renting an apartment near the JLT metro by opting for the properties in Preatoni Tower. The building is ideal for those in search of large studios or 1-bed apartments in JLT. The rent for flats in Preatoni Tower starts at AED 30k.
ICON TOWERS 1
Last on this list of buildings to rent apartments in JLT farther from the metro is Icon Towers 1. Located around 2 km from the DMCC Metro Station in JLT, Icon Towers 1 offers flats in studio, 1, 2 and 3-bed configurations. The rent for apartments in Icon Towers 1 varies between AED 27k and AED 150k.
From everything we discussed so far, one thing is absolutely clear – living near the metro station in JLT is more expensive than renting an apartment farther from it. This provides tenants with a good selection of properties that work best for them.
It might be a good idea to rent an apartment near the metro in Jumeirah Lake Towers if you rely on it for everyday commute. For those who prefer to save on rent, the apartments located more than 1 km away from the metro are a great option. Anyone who wants to live close to the metro without paying excessively high rents can consider renting flats within the 500 m and 1 km distance.
Besides JLT, potential tenants can also compare the cost of renting a flat near the metro in Dubai Marina.
If you’re considering living near the Business Bay Metro, make sure you’re aware of the additional cost of rent involved.
Living near the metro in Al Barsha also has an extra cost attached to it – take a look at how much that is.
For more options, you can also look at properties in the more affordable residential areas near the metro in Dubai.
