Abbas, W. (2020, July 19). How Dubai Metro's Route 2020 will impact property prices, rents. Khaleej Times. Retrieved from https://www.khaleejtimes.com/business/real-estate/how-dubai-metros-route-2020-will-impact-property-prices-rents
Historically, areas up to 15 minutes of walk to a Dubai Metro station tend to outperform the wider property market.
Realty near these areas seen to be more favourable than before
Property prices and rentals around areas connected to Dubai Metro's Route 2020 will be more resilient compared to the wider market, according to property analysts and industry executives.
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They believe that rates will rise in the medium to long term but not in the short term due to oversupply in the market.
Dubai earlier this month inaugurated Route 2020, a 15km extension to the Dubai Metro's Red Line, linking Jebel Ali, Discovery Gardens, Al Furjan, Jumeirah Golf Estate, Dubai Investment Park and the Expo 2020 site. Route 2020 will have seven stations and will serve communities populated by 270,000 people.
This move will empower homeowners in dealing with developer-owned firms
Nair, M. (2020, July 15). Dubai now requires property management firms to reveal developer association. Gulf News. Retrieved from https://gulfnews.com/business/property/dubai-now-requires-property-management-firms-to-reveal-developer-association-1.1594721603859
Property management firms will have to reveal any associations they have with developers or other entities to prevent conflicts of interest.
Dubai: In a groundbreaking move, Dubai will now require property management firms to disclose any relation to other entities involved in the process.
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