On Friday, Sheikh Mohammed unveiled the expansion of the Dubai Metro!
The new Blue Line will stretch for 30 km, comprising 14 stations, and will connect several densely populated areas such as Mirdif, Al Warqa, International City 1 and 2, Dubai Silicon Oasis, Academic City, Ras Al Khor Industrial Area, Dubai Creek Harbor , and Dubai Festival City.
This, in turn, is expected to trigger a 10-25% increase in property purchase and rental prices in these areas, as commuting here will become much easier and more affordable. This suggests a promising prospect for high returns on real estate investments in these districts.
Although the new line will only be operational in 2029, making a decision on purchasing should be considered now, as even with the hot news, the cost of new properties is already on the rise.