| Kippreport.com

Property prices around Dubai Metro may increase 10-20 percent

September 30, 2009 3:29 by kippreport

The value of properties around the Dubai Metro stations could go up by 10 to 20 percent in the next three to five years, according to a study released by real estate advisory firm, DTZ. “If the Dubai Metro proves popular and efficient then it is very likely we will see a significant impact on the values around stations,” said Andrew Edwards, associate director of DTZ and author of the report in a release. “The early signs have been positive.”

According to him, the impact of the Metro is more likely to be felt at Jumeirah Lake Towers (JLT) and Dubai International Financial Centre (DIFC).

Tags: Dubai metro, increase, land price