(MENAFN) Dubai Metro is forecast to help boosting the values of homes, located within a circumference of about 1.5 kilometers away from it, by about 41 percent, according to the Chief of Roads and Transport Authority (RTA), Arabian Business reported.
In addition, the Chief said that homes located around the Red and Green Lines have witnessed an increase from 13 to 41 percent in value. Rental value also has seen an upsurge by almost 10 percent.
"Linking properties with mass transit systems is underlined by the importance of these modes in easing the mobility of residents, reduced cost of journeys, and hiking the market value of property units," the Chief said.
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