Real Estate

Arabian Gulf Properties has welcomed the approval of the Dubai Metro Gold Line, describing it as a major catalyst for real estate growth and urban development in Dubai.

The project, approved by Sheikh Mohammed bin Rashid Al Maktoum, is considered one of the emirate’s most significant infrastructure investments, reinforcing its position as a global hub for living, business, and investment.

With an estimated investment of AED34 billion, the fully underground metro line will span 42 kilometres and include 18 stations, connecting 15 strategic areas across Dubai. The project is expected to serve around 1.5 million people, support mobility across 55 major developments, and expand the metro network by 35%, with completion targeted for September 9, 2032.

Badar Rashid AlBlooshi, Chairman of Arabian Gulf Properties, said the initiative represents more than a transport upgrade, highlighting its broader impact on connectivity, accessibility, and community development.

He noted that large-scale infrastructure projects have historically played a key role in shaping real estate demand in Dubai, particularly in areas benefiting from improved transport links and reduced travel times.

The developer added that the Gold Line is expected to increase property values by up to 20% in areas surrounding metro stations, further strengthening investor confidence and driving demand across both established and emerging communities.

According to the company, the project aligns with Dubai’s long-term planning vision, including the Dubai 2040 Urban Master Plan, which focuses on sustainable urban expansion, enhanced mobility, and improved quality of life.

The Gold Line is also expected to stimulate economic activity, improve integration between residential and commercial zones, and support the emirate’s continued growth as a globally competitive real estate market.

Arabian Gulf Properties said the announcement underscores strong confidence in Dubai’s economic outlook, with infrastructure development continuing to play a central role in shaping the emirate’s future.

• Tags
• #Business
• #Magazine
• #Lifestyle