Metro Will Transform Dubai's Communities

Friday, June 27, 2008

Will the addition of more Salik tolls and the ever nearing Dubai Metro affect property prices? Traffic continues to be a topic of debate among Dubai residents. Since the implementation of toll gates almost a year ago, a trip over Garhoud Bridge has become much more pleasurable. And since last year, work on the Metro has developed at a rapid pace. The government is focused on doing all that it can to end the nightmare faced by so many Dubai residents on a daily basis as they venture to work. Initiatives that have been introduced include increasing the number of bridge crossings and widening existing roads, introducing toll gates to encourage people to use alternative routes, and building the metro. From a real estate perspective, the questions remain the same: will such measures have an impact on property prices in certain locations? Do people view areas close to toll gates negatively? And, will Dubai Metro add value to those areas it serves

Source: Gulf News

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