A Dynamic Expansion of Dubai Metro: Empowering Dubai’s Real Estate Sector
Etihad Rail and Dubai Metro link is set to boom Dubai’s real estate sector as well as the hospitality rate. The seamless rail link is yet, another investment potential, benefitting both Ras Al Khaimah and Abu Dhabi. With the continuous transformations in Dubai, property values are soon going to be determined by the extension of public transport.
Rental Rates and Property Values
The effect of urban mobility will exhibit profound impacts on rental rates and property values. According to a study emphasized on Dubai Metro Red Line:
- There is a 5.7% surge in the rental rates of real estate projects near metro lines as compared to Q1 of 2018.
- The average price of the properties within a 15-minute distance of the Dubai Metro station witnessed a surge of 26.7% from quarter 1 2010 to quarter 4 2022.
Future of Dubai’s Transportation and Real Estate
Dubai is projected to expand its rail rapid transit along with the Dubai Metro Red Line with an increase of 26% in the shared mobility rate by 2030. Further, public transport networks in Dubai will undoubtedly impact real estate shares, specifically in the neighborhoods where the transit smoothly crosses.
In addition, Blue Line is the upcoming track around 30 kilometers long, its construction has been approved on the Dubai Metro Transit Route. Ultimately, it will generate real estate profits as the route typically involves Al Maktoum International Airport, Dubai International Airport, and Sheikh Muhammad Bin Zayed Road. 14 stations are expected to be constructed, appealing to both commercial and residential areas nearby.
“Dubai is the prime example of infrastructure development, which is crucial for any state”, stated Alina Adamco, Sales Head at Metropolitan Homes. However, residents still rely on taxis and cars in closed communities for transportation, she added further.
Moreover, Dubai- a city of innovation integrates sophisticated modes of transportation encompassing Dubai Skypods and autonomous vehicles. The association between real estate in Dubai and mass transit highlights the significance of urban mobility in setting real estate trends.
The expansion of the metro Line has been announced by Dubai in December 2023 for the continuance of existing green and red lines. The project appears to be the greatest of all new projects in Dubai with an estimated expenditure of Dh18 billion. The closest neighborhoods are then to profit more through the reach of the Metro Line with a likelihood rise in property prices.
A Game-Changing Expansion – Rail Links
The intercity connectivity between Abu Dhabi and Dubai through Etihad’s Rail will also boost the property sector, attracting people from outer cities for more investments. According to Dubai’s real estate analysts, the seamless expansion of rail and metro in Dubai is a superior solution to the challenge of traffic congestion. This expansion will offer the residents of Festival City, Dubai Creek Harbor, RashidiyaGlobal Village, Warqa, and Mirdif along with other urban communities, prime accessibility to public transport. The expansion of the Metro Line by Dubai promises a prosperous and eco-conscious future, widening vast opportunities for real estate investors.
