People who reside near Etihad Rail network stations should anticipate their rental costs to increase before the network officially commences operation. According to real estate experts property values in main areas will rise before the launch of high-speed rail services takes place.
The Dubai-Abu Dhabi railway project developed by Etihad Rail aims to substitute 700 cars with a single transportation system to move 400 passengers during its 30-minute journey. Moving at 350 km/h along its journey the project ties together the locations consisting of Al Jaddaf and Al Maktoum International Airport in Dubai and continues to Reem Island and Saadiyat Island and Yas Island before terminating at Zayed International Airport in Abu Dhabi. The authority has not set a specific date for the project’s start.
The Etihad Rail project will increase the attractiveness of nearby communities according to Engel & Völkers expert Joshua Hughes because it will drive up both rental rates and market demand. He observes that locations which gain improved connectivity specifically for Dubai-Abu Dhabi commuters see their property values appreciate before transportation developments are fully finished.
This trend isn’t new. Metro stations have been eternally associated with elevated rental rates because they offer residents convenient access to public transport. The rail service of Etihad Rail will follow the same prediction. The establishment of a railway station will increase investment potential by drawing prospective buyers and tenants who prioritize access to public transportation according to Hughes.
Al Jaddaf a major residential-commercial area in Dubai stands to experience intensified value growth in rents and property worth as construction of the project moves forward. According to Hughes the forthcoming years will witness an increase in the projected values.
The Etihad Rail project presents both chances and possible elevated expenditures to leasing customers and property speculators. Individuals seeking budget-friendly homes within commuting distance to a station should pursue their search in the present rather than postponing the search in the future.
