Friday, March 1, 2024

Dubai Metro Blue Line to Reduce Traffic and Boost Business

The Dubai Metro Blue Line, scheduled for a 2029 debut, will provide ease to traffic and elevate local property prices. The Dh18 billion project spans 30km, featuring 14 new stations, with a goal to serve 200,000 daily passengers by 2030, aiming for a 20% reduction in road congestion.

Thomas Edelmann, founder of Road Safety UAE, envisions a safer driving environment with fewer accidents. Commuters, like 35-year-old Diana Izhaiman, foresee practical alternatives for daily commuting but express concerns about rising rents.

Anticipating a real estate boom, experts project up to a 25% increase in property values along the Blue Line. Arta Gashi, a real estate expert, predicts heightened demand and a substantial boost in return on investment.

The Blue Line’s impact extends beyond property values; it could catalyze population growth and business development. Leigh Wilmot, area manager for Treo Homes, envisions improved access fostering convenience. In the long term, a potential 5% property value increase and enhanced amenities are expected.

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