RTA and Metro team honoured

15/09/2011 - Dubai Investment News Posted by Neil King
RTA and Metro team honoured

The team behind Dubai's new red line and green line Metro network has been honoured by Shaikh Mohammad.Mattar Mohammad Al Tayer, chairman of the board and executive director of the RTA, was presented with the Mohammad bin Rashid Sash for his part in the recent success, the Khaleej Times reported.It comes after the completion of the green line, which has boosted property prices for homes near stations and improved the emirate's travel network significantly.Awards were also handed to the Dubai Metro team by Shaikh Mohammad in the presence of Shaikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and Shaikh Maktoum bin Mohammed bin Rashid Al Maktoum, the emirate's deputy ruler.Property experts in the region have hailed the success of the new line, saying homes near the stations have seen their value increase, while rental rates have also risen by as much as 25 per cent.