Dubai Metro Appreciates Land Value by 34%
The Roads & Transport Authority (RTA) stated thai the Dubai
Mcrro project, since operated in 200*), has had a positive contribu-
tion to the appreciation of the value ol lands and commercial prop-
erties in the vicinity ol the metro stations, as well as areas linked bv
the feeder bus service, by as much as 7 to 34%. The CEO of RTA
Strategy & Corporate Governance Sector Abdul Mohsm Younes
said that "the case of mobility and the provision of multi transit
options at lower costs of transit aboard the Dubai Metro." are likely
the factors for such strong demand. "A comparative study with the
experiments of countries which have made advanced progresses
in mass transit systems, particularly the metro, such as the UK.
Germany, Japan, Hong Kong, and the USA, revealed that public
transit means in general have a positive impact on appreciating the
value and rents of properties, and that such rates made remarkable
hikes ranging from 3 to 50%," he stated.
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