By Staff writer
New dubizzle research reveals annual rents are lower close to the Green Line compared to the Red Line
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.
One-bedroom apartments located near the metro line start at an average of AED65,000 per year near Deira City Centre, followed by Al Satwa, starting at AED67,000 per year, with accessible stations including World Trade Center, Emirates Towers and Financial Center.
Ranked as the eighth most affordable area, one-bedroom apartments Discovery Gardens – close to the Ibn Battuta station – start at an average of AED68,000 per year. Al Barsha 1 at AED70,000 per year and Karama at AED71,000 per year round out the 10 most affordable.
“In 2016, there were 49 million rental property searches in Al Barsha and 22 million searches in Karama, which highlights the demand for rental properties in close proximity to the popular public transport means in the emirate,” said Ann Boothello, senior product marketing manager, dubizzle Property.
She added: "dubizzle Property receives an average of 3.5 million visitors a month, with each rental property receiving an average of six inquiries once listed. Last year, we noticed that affordable communities near Dubai Metro stations receive a large volume of searches each year, and through sharing these insights, we aim to empower residents to make well-informed rental decisions."
dubizzle Property said it is the first and only platform in the region to introduce property listed by landlords, saving agency fees for tenants and buyers.