According to the research by real estate consultancy (CBRE), the properties which are at 15-minute walking distance from the Dubai Red Line Metro stations have showcased an increase of 26.7% outperforming from average property increase, which is of 24.1%.
The study by CBRE demonstrates that the following properties observed their increase in value which are at 15 minutes walking distance from Dubai Red Line metro stations: Barsha Height raised by 77%, Jumeirah Beach Residency by 50.01%, Downtown by 47.4%, Dubai Marina by 33.1% and Jabal Ali Free Zone by 25.7%.
The most increase in prices was by 43.8% observed in the properties which are at 10-15 walking distance from metro stations. While the properties which are at 0-5 minute walking distance from metro stations increased by 35.8%.
