Dubai Metro has not yet opened, however, its proximity to housing in various areas of the emirate is already beginning to affect real estate in the form of an increase in prices for it.
The cost of apartments in the development of Jumeirah Lakes Towers, located near the metro station near the main highway - highway them. Sheikh Zayed, increased by 6.5% compared with the same apartments, but a little further from the metro line.
"We have seen a higher demand for the purchase of real estate located right next to the metro stations," says Michael Michael, commercial director of the consulting company Landmark Properties. “A large number of our customers are interested in the availability of real estate at a short distance from metro stations. This fact is positive for the entire Dubai real estate market, for which this year is rather difficult, given the fact that prices for apartments and villas have decreased, in general, by 34%. "
According to some experts from the real estate sector, the full proximity to the metro will begin to affect real estate prices only after its red line is launched on September 9, 2009. “Property prices near the Dubai Metro will be among the first to recover,” said Andrew Delport, head of the Property Management Department at Dubai's Gowealthy.com web portal. - "Most of all, after the subway opens, property prices in the Dubai Marina area will change."
