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Mazaya Monthly Real Estate Report -
Week 1 - JULY 2015
Al-Mazaya Report points to Dubai Metro
and other road and transportation
projects inspiring the launch of
numerous similar projects in the region.
Given the success of Dubai Metro since
its commencement, thisproject affected
serious changes for Dubai residents
reducing their dependence on private
vehicles, while urging neighbouring
countries to seriously invest in
public transportation channels. In the
meantime, Dubai is taking preparations
to extend the Metro Dubai red line to the
Expo 2020 site. Other relevant projects
under constructions constitute further
attractive investment opportunities for
the private sector to penetrate road and
transportation contracts announced
by specialised public authorities.
The current transportation plans involve
constructing hundreds of kilometres of
roads, bridges, runways, and orbitals
while additional rail projects await to be
executed and operated in the coming
few years. In a similar context, other
emirates and the UAE are preparing
to launch the Etihad Rail planned to
connect the UAE through a unique
transportation network at AED 40 billion
cost. The project is to be launched by
2018 providing thousands of employment
opportunities
upon
commencing
its services and further expansion.