11 July 2017
For those looking to live close to the metro, these are the cheapest areas to move into

Cleofe Maceda

Dubai: Living near the Dubai Metro is proving to be a convenient option for most people who dont drive.  With a metro stop just a few steps away, going about ones business gets a lot easier, even without the convenience of a personal car.

According to the Dubai Metro website, commuters spend only at most 3.5 minutes while waiting for the train to arrive, the longest time spent waiting for a train in Dubai. Thats a huge difference from New Yorks subways, where passengers can wait up to 14 minutes.

Thats why moving closer to a train station sounds like the most logical thing to do. However, flats along the metro line can be very expensive, so the best approach for those looking for a most convenient change is to do a little bit of homework.

Rental rates along Dubais main public transport system tend to get cheaper the further away you get from the city centre, with the ones on the green line showing the most wallet-friendly accommodations.

A recently released map prepared by Propertyfinder Group, which details the rents in various locations along the metro, showed that flats in Al Nahda and Stadium arent only accessible by train, they offer the cheapest options, with leasing rates for one-bed properties in these areas averaging at Dh52,000 a year.

For those who want to live along Shaikh Zayed Road and have access to the metro at the same time, they can find the second-cheapest flats near the First Gulf Bank station, where rates for two-bed apartments stand at Dh54,000.

The third-cheapest flats can be found in Al Qusais, costing an average of Dh56,000, while the third-best option will be the Dubai Airport Free Zone, where one-bedroom units are going for Dh56,500.

In most cases, potential tenants are likely to find apartments that are the  most expensive in Al Jadaf area and Etisalat, where rents average Dh142,-000, the costliest among flats close to the metro.

Other areas like Dubai Healthcare City, where flats cost Dh120,000 a year, and World Trade Centre, where average rents stand at Dh130,000, are also considered a more expensive option.

Here s the full list of areas along the metro line, along with the average rental rates (in dirhams) for one-bed flats:

Al Nahda: 52,000

Stadium: 52,000

FGB: 54,000

Al Qusais: 56,000

Dubai Aiport free Zone: 56,500

Energy: 62,000

Danube: 62,000

UAE Exchange: 62,000

Nakheel Harbour and Tower: 63,000

Noor Bank: 64,000

Al Qiyadah: 65,000

Abu Hail: 65,000

Abu Baker Siddique: 65,000

Ibn Battuta: 69,000

Palm Deira: 73,000

Al Ras: 73,000

Creek: 74,000

Union: 75,000

Salah Al Din: 76,000

Baniyas Square: 76,000

Burjuman: 76,000

ADCB formerly Al Karama: 76,000

Dubai Internet City: 79,000

Al Ghubaiba: 79,000

Al FAhidi: 79,000

Jumeirah Lakes Towers: 83,000

Mall of the Emirates: 85,000

Sharaf DG: 85,000

Oud Metha: 85,000

Al Jafiliyah: 89,000

Business Bay: 89,000

Damac (formerly known Dubai Marina) 98,000

Emirates Towers: 106,000

Financial Centre: 106,000

Burj Khalifa: 115,000

Nakheel: 119,000

Dubai Healthcare City: 120,000

World Trade Centre: 130,000

Al Jadaf: 142,000

Etisalat: 142,000

Source: Propertyfinder Group

For information on the real estate sector within the UAE, please visit our sister site, getthat.com.

Gulf News 2017