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Anticipated Opening of Dubai Metro Blue Line Expected to Drive Rental and Property Price Increases Along the Route
Anticipated Opening of Dubai Metro Blue Line Expected to Drive Rental and Property Price Increases Along the Route 迪拜
By   Internet
  • 城市報
  • Dubai Real Estate
  • Dubai Rentals
  • Property Price Increases
Abstract: The Dubai Metro Blue Line is a crucial component of Dubai's public transportation network, expected to be operational in 2029.

The Blue Line will cover multiple key areas, including Dubai International City, Silicon Oasis, Ras Al Khor, Mirdif, and Al Warqa, among others. According to expert predictions, the opening of the Blue Line will significantly impact rental and property prices along the route.


Analysts in the Dubai real estate industry suggest that the operational Blue Line will substantially increase the desirability of these areas. With the extension of the metro line, residents can conveniently commute to workplaces and other activity areas, reducing commuting time and expenses.


As a result, there is an increasing preference for living in areas connected to the Blue Line, leading to a rise in rental and property prices.

Anticipated Opening of Dubai Metro Blue Line Expected to Drive Rental and Property Price Increases Along the Route

According to Ayman Youssef, Managing Director of Coldwell Banker, rental and property prices in areas connected to the Blue Line may increase by 10% to 25%. He highlights that Dubai Creek Harbour might experience higher increases due to the high demand for premium integrated communities. Silicon Oasis follows closely, offering moderate prices and being ideal for middle-class individuals looking to buy or rent homes.


Another expert, Farooq Syed, CEO of Springfield Real Estate, also believes that the opening of the Blue Line will impact property prices in certain areas, expecting increases of 10% to 15%.


He notes that areas with high demand, such as Dubai Marina and Jumeirah Lakes Towers, command high rents even for older buildings. On the other hand, areas like International City, Al Warqa, Al Jadaf, Ras Al Khor, and Silicon Oasis currently have relatively lower demand due to the lack of public transportation. However, with the opening of the Blue Line, rental and property prices are expected to significantly rise in these areas.


Wael Makarem, Senior Market Strategist for the MENA region at Exness, points out that historically, areas within a short walking distance from metro stations experience faster increases in property prices and rents.


Over the past decade, residential prices within a 15-minute walk from metro stations have increased by an average of 26.7% per year, with some areas seeing growth as high as 43.8%. Therefore, areas along the Blue Line are expected to replicate this performance, especially during economic downturns when these areas typically exhibit more resilience in property prices.

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Anticipated Opening of Dubai Metro Blue Line Expected to Drive Rental and Property Price Increases Along the Route
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