By Reuters/Ahmed Jadallah www.zawya.com
Land prices in master communities along Dubai Metro’s proposed Route 2020 extension could see an upsurge in the lead-up to as developers take advantage of accessibility afforded by the network, experts opine.
“Demand for properties at these locations is expected to increase as they are seen as more affordable areas in Dubai in view of their popularity afforded by better accessibility to the metro. It is difficult to assess as to how much this will impact the sale prices and rents, but we can only expect them to go up. And the same can be said of land prices,” Dana Salbak, Head of ME Research at Knight Frank, told Zawya Projects.
Already established locations in the emirate are dense, leaving little room for land prices to shift, she added.
“Less developed areas such as Dubai Investment Park will probably see an increase in land prices. The same can be said for locations such as IMPZ and Jumeirah Village where plot values have remained stable and can be expected to record gains in the run-up to the Expo as development pace picks up,” she explained. More info