At JLT and Al Furjan, apartments closest to the metro station now carry up to 30% premium
Dubai: Thinking of renting an apartment at a location near a Dubai Metro station in JLT or at the fast emerging residential hub of Al Furjan?
If yes, be prepared to pay up to 30 per cent or higher for options right next to these stations compared to rents for units slightly away from them. In a property market where rent gains are getting steeper, the Dubai Metro is having its own effect on residential rents in and around the same areas. Now, the rental gap could widen further.
Sameer Lakhani
The writer is Managing Director of Global Capital Partners.
