Dubizzle Property, the UAE’s largest and property platform, has revealed the areas with the most value-for-money one-bedroom apartment rents near the Dubai Metro.
The website said it has seen a surge in interest in properties close to the city’s main transport system as tenants look to make travel around Dubai as convenient as possible.
According to the Roads and Transport Authority, the number of metro riders reached a record of 191.3 million passengers in 2016 – increasing by 7 percent from 178.6 million in 2015.
Dubizzle said that areas along the Green Line – one of the two lines in the Dubai Metro network passing through Bur Dubai and Deira primarily – provide residents with the most affordable one-bedroom options, starting at an average of AED55,000 a year in Hor El Anz, which has easy access to the Al Qiyada metro stop.
The average rental price in Al Qusais begins at AED58,000 a year, making it the second most economical area along the Dubai Metro, followed by one-bedroom apartments in Abu Hail, Al Jadaf and Naif (close to Baniyas Square station) starting at AED60,000 a year.
Rents for properties along the Dubai Metro Red Line that runs between Rashidiya and UAE Exchange (Jebel Ali), passes through Dubai International Airport, Deira and Bur Dubai, and follows the Sheikh Zayed Road are higher, dubizzle noted. More info
By Staff arabianbusiness.com