Dubai Metro getting dearer
According to officials, the prices of land and property have increased considerably along the Dubai Metro lines. The Director General of Dubai Land and Property Department, Sultan Butti Bin Mijrin, while speaking during a press conference at Dubai RTA (Roads and Transport Authority), mentioned that the areas along the Dubai Metro tracks have grown dearer (particularly near stations) and a further increase in prices are expected once the metro work nears completion. He however, added that the increase in prices were gradual and not sudden.Dubai Metro is expected to run along two lines, the Green and the Red. The Red line which is 52 km in length connects Jebel Ali and Rashidiya across Shaikh Zayed Road. The Green Line which is 22 km in length connects Jaddaf and Al Qusais.
The RTA had earlier entered into an agreement with the Dubai Land and Property Department seeking their co-operation for acquisition of the land required for expansion of the roads, and for construction of new roads apart from the Dubai Metro.
The Executive Director and Chairman of the Board in RTA, Mattar Al Tayer, stated that the Land Department has agreed to help them in land acquisition and will decide the compensation for the property owners and the Land.
Posted on 18/3/2007
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