Preliminary data suggests that developments with convenient urban infrastructure and proximity to the metro are helping to significantly outperform the existing developments in terms of pricing and rental.
The Dubai Metro is no longer simply transporting people from point A to point B and back but has evolved into something more through its 15 years of operation.
Recently, the growth of the metro and changes to the landscape of the city has made it a more livable place, especially in more recent and developing locations.
It is evident by the new neighbourhoods and commercial hubs developing in Dubai and the speed at which they are happening.
The Dubai Metro is undoubtedly central to this transformation.
According to a recent analysis that focused on the relationship between the metro and factors that influence or change the Dubai real estate market, developers in Dubai will need to increasingly concentrate on the provision of suitable urban infrastructure surrounding their development.
Preliminary data suggests that developments with convenient urban infrastructure and proximity to the metro are helping to significantly outperform the existing developments in terms of pricing and rental.
Investors, landlords, and developers have embraced this principle. It is improbable that a mere off-plan property launch would not figure 10 or 15-minute proximity to the Dubai Metro as a primary selling point. It is the major USP that property buyers are looking for while buying.
There are a variety of factors that help attract new residents and companies in Dubai to set up their headquarters in Dubai. The city offers a high standard of life and a favourable environment for companies to launch and grow. It is accurate for new and established businesses, such as light industrial units aiming to launch themselves in Dubai Industrial City or virtual asset entities hoping to attract wealthy investors to the country.
A new person or a business would need Dubai International Airport, Emirates Airline, and Flydubai in addition to all the bustling hotels, offices, free zones, and residential alternatives.
The roads, highways, and Dubai Metro, which are part of the infrastructure in Dubai, contribute to these factors.
Dubai has been scoring high since it has been able to build its infrastructure without waiting for demand to catch up, says the ex-banker, who is currently working as a consultant for a DIFC firm. That is evident when Emirates has placed enormous orders for new aircraft all these years. Dubai is expanding the city and using the metro to quicken the city’s expansion.
Since the launch of the metro line in September 2009, almost 2.4 billion people have travelled through the metro line, which by the end of the decade will gradually increase to a higher level once the Blue Line gets to work at its entire capacity.
The RTA provides a clear picture of the capabilities of the new line. Travelling through Dubai will become easier, faster, and more convenient since the Blue Line will cover all the city’s major routes.
It will significantly contribute to the sustainable development of the city, as the metro lines minimise street traffic and increase the availability of environmentally friendly transportation options.
The Blue Line will establish a smooth connection between the five main metropolitan areas in Dubai. In turn, RTA describes it as establishing simple routes between them to make travelling for residents, visitors, or tourists easier.
The CEO of Insurance Market, Avinash Babur, recently acquired a 10-year naming rights for the Mashreq Metro Station. He says that he is inspired by the incredible growth of Dubai and feels being a part of the growth is his responsibility. It is usually a notion for many stakeholders, businesses, or residents who have been part of Dubai for many years.