Metro proximity 'could impact Dubai property value'

09/09/2009 - Dubai Property News
Metro proximity 'could impact Dubai property value'

Written by Neil King

The proximity of Metro stations to a Dubai property could have a significant effect on their market value, it has been suggested.

According to a spokesman for Landmark Advisory, such as feature is a commodity that may be particularly attractive to buyers or investors as it will make things more convenient for business travel.

Jesse Downs, director of research at the firm, told Emirates Business where companies are likely to lease out a property to staff, they are likely to consider station proximity as a key factor in their buying decision.

"Corporate clients are often more likely to opt for residential units with easy access to a Metro station so their employees can commute to work," he explained.

His comments follow a survey by Limitless published this week that showed the commute to work to be a major priority for those looking for a property in Dubai.

The study showed 29 per cent of residents believe having a Metro station nearby was the most important feature of a home.

There’s never been a better time to invest in Dubai, say industry heavyweights heading to this month’s Cityscape Global Conference. Invest in your Future - Click here to learn more.