Rail Link Expansion: A Game-changer for Real Estate Industry
Dubai Metro and Etihad Rail network expansion set to benefit the UAE real estate and hospitality
The expansion of rail links in the UAE is a game-changer for the real estate market and will boost demand for industrial and commercial properties in addition to support the residential housing units supply in coming years, experts say.
Top executives, analysts and real estate officials said the expansion of the Metro and Etihad Rail network is a major catalyst for the UAE’s economic growth and will further stimulate tourism, shopping, entertainment and investment in the country.
The introduction of metro links will significantly boost the value of these communities, as evidenced by a 40 per cent surge in property prices in Dubai Marina. Additionally, rental rates have increased by approximately 10 per cent.
Last week, Dubai announced a Dh18 billion ($4.9 billion) blue line project to support the existing network of red and green lines by adding 30km by 2029. It is one of the largest new projects in the public transport sector announced in recent years.
The new line will serve population of one million residents, such as Dubai Creek Harbour, Festival City, Global Village, Rashidiya, Warqa, and Mirdif, as well as urban areas like Silicon Oasis, Academic City, and more.
