Dubai property benefiting from metro links

02/09/2011 - Dubai Property News Posted by Neil King
Dubai property benefiting from metro links

Property investors looking to expand their Dubai portfolios could be tempted to purchase homes near Metro stations following the comments of one industry expert.Writing for Select Property, Max Bielbly explained that properties near Metro stations are commanding higher rents.Indeed, the expert highlighted recent data, which showed that renters in the emirate are prepared to pay 20 per cent more for a property near a station on the metro network.This, he says, is particularly evident in places like Dubai Marina and the Palm Jumeirah, which have seen prices soar in recent months."The Metro network has added a whole new dynamic to Dubai's real estate market forcing the rental disparity between desirable and less desirable areas even more significant," he commented."Once again, property on Dubai Marina in particular has benefitted as the Marina boasts a metro station of its own. Moreover, prices are expected to increase further for properties within easy reach of Metro stations as the network opens up new lines, effectively increasing the catchment area for commuters."