DUBAI METRO EXPANSION AND INVESTMENT OPPORTUNITIES
Dubai Metro: The iconic symbol of the city’s progress.
Dubai Metro, an integral part of City’s vision for connection and accessibility is set to expansion. It’s a remarkable transformation that creates an exciting opportunities for real estate investors. The expansion of Dubai Metro adds 30 kilometers blue line to the network and is set to enhance the existing Red and Green lines. This expansion will significantly increase the coverage and accessibility of different areas within the city. These new metro lines will connect previously underdeveloped areas, making them more accessible to residents and businesses.
Dubai is a major hotspot for tourism and Dubai metro expansion make more accessible for visitors to rom around. This visionary project is scheduled to start operating on October 9, 2029.
AREAS CONNECTING BLUE METRO LINE:
Blue Line will connect Dubai International Airport (DXB) with nine key areas, including Mirdif, Al Warqa, International City 1 and 2, Dubai Silicon Oasis, Academic City, Ras Al Khor Industrial Area, Dubai Creek Harbour and Dubai Festival City. A significant reduction in travel time via Blue Line between these destinations is expected – ranging from 10 to 25 minutes, according to RTA. This Blue Line is designed to handle an estimated capacity of about 56,000 passengers per hour in both directions at a service interval of about 1.5 minutes
HOW WILL DUBAI METRO EXPANSION SERVE REAL ESTATE INVESTMENT?
Investing in properties near the upcoming metro line can provide excellent rental returns. The improved connectivity attract long-term investors to invest in residential and commercial spaces. Those communities that connecting the new blue line are expected to witness a transformation. The Dubai government estimates that the value of land and properties in these areas could go up by as much as 25%. Developers will come with luxury projects offering modern amenities that cater to the diverse needs of the city’s growing population. Sustainable infrastructure can contribute positively to real estate value in the long run.
FUTURE EXPANSIONS:
The city’s population is set to increase from 4.5 million in 2020 to 7.8 million in 2040, necessitating a “comprehensive plan for a sustainable urban development”. According to Dubai’s urban master plan 2040 the Dubai Metro line will expand to more city frameworks. This expansion of the metro plays a central role in Dubai’s strategy to provide residents with 80% of their daily needs within a 20-minute travel radius.
This is the right time to invest in Dubai Real Estate. Take a look at the upcoming and existing projects in the near by communities.
