Dubai Metro keeps fueling the residential and commercial boom

By AJP Posted : September 9, 2024, 14:29 Updated : September 9, 2024, 14:29
 
Courtesy of the Dubai Department of Economy and Tourism
SEOUL, September. 09 (AJP) - Over the last 15 years, Dubai’s Metro has evolved beyond simple transportation, becoming a driving force behind the city's growth and livability, particularly in emerging areas. The rapid development of new residential and commercial hubs highlights this transformation, with the Metro playing a central role.


A report by consultancy CBRE notes that developments with strong urban infrastructure and proximity to the Metro are outperforming others in terms of both sale prices and rental returns. This has prompted developers and investors to focus on ensuring easy access to the Metro in new projects, with many emphasizing a 10 to 15-minute distance as a major selling point.


Dubai’s appeal to residents and businesses is multifaceted, driven by its high quality of life and business-friendly environment. Key infrastructure, such as Dubai International Airport, Emirates Airlines, and flydubai, along with an array of hotels, offices, and free zones, supports this growth. The city’s road network and Metro system have been instrumental in its rapid expansion.


“Dubai excels at expanding its infrastructure ahead of demand,” said a consultant based in DIFC, citing how the Metro has accelerated the city’s development, much like Emirates’ past aircraft orders.


Since its launch in 2009, the Dubai Metro has carried 2.4 billion passengers, with numbers expected to rise when the Blue Line becomes fully operational by the end of the decade. The Blue Line will connect five key urban areas, enhancing travel efficiency while contributing to sustainable development by reducing traffic and promoting eco-friendly transport.


Businesses are also capitalizing on the Metro’s growth. Avinash Babur, CEO of InsuranceMarket.ae, which secured naming rights for the Mashreq Metro Station, noted that being part of Dubai's rapid growth is both inspiring and a responsibility.
 

The Dubai Metro continues to be a key player in the city’s ongoing development, benefiting both current residents and businesses, as well as those yet to come.

 

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