The Allsopp & Allsopp Dubai Property Market Report for Q3 2024 is now availableRead the report
As we close off the first half of 2024, Dubai’s property market has shown impressive growth across all residential sectors with no signs of slowing down.
Dubai has been ruling the tourism charts since 2009 when the city revolutionised itself, welcoming the world’s tallest tower, star-studded skyscrapers, the world’s largest mall, a massive metro system across the city and becoming home to some of the world’s biggest record breakers.
And that’s just the beginning, Dubai now in 2023, is home to more than just that, it’s the hub of new-age innovations, multiple record breakers, and of course a dynamic real estate scene. Again, we’ve cut it short but Dubai is essentially the place on everyone’s radar currently!
So, would it really be a surprise if we tell you that Dubai Metro is set to expand its networks around the new areas in Dubai, right? I mean, we’d be surprised if it didn’t with how many new people have moved to Dubai in 2023!
This project was recently announced by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, as he has given the green light to the ambitious Dubai Metro Blue Line project. With a staggering investment of AED 18 billion, this visionary initiative is set to revolutionise Dubai's public transportation system, and is set to commence operations on October 9, 2029. Exactly 20 years after its first opening!
Let’s break it all down…
The Dubai Metro Blue Line is poised to be the emirate's first train route crossing over The Creek, which initially was the last station on the green line currently, this is marking a significant stride in advancing Dubai's public transport infrastructure.
1. Expansive coverage: This metro line will span over 30km and will comprise 14 new stations, which strategically connect nine different areas. This comes in line with the Dubai 2040 Urban Plan.
2. Architectural marvels: This project is set to be the largest underground station, covering an impressive 44,000 square metres in the International City area. It will also feature an iconic station with unique architectural design, setting new standards in modern transportation aesthetics.
3. Interchange stations: The Blue Line introduces the first interchange station between the Red and Blue Lines at Centrepoint station and the first interchange station between the Green and Blue Lines at The Creek station, which in fact then enhances connectivity within the metro network.
4. Sustainability focus: As Dubai is shifting on a greener route, the Blue Line will be the first transport project that will align with the platinum-category green building specifications, and also showcasing Dubai's commitment to a sustainable development.
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, who is the First Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance of the UAE, has highlighted the Dubai Metro's role as a transformative project which is aligning with the vision to make Dubai the best city for living, and commuting around.
Upon completion, the Blue Line will extend the total Dubai Metro network to 131 kilometres, and would feature 78 stations and 168 trains. The economic benefits projected are set to exceed AED 56.5 billion by 2040, supporting the goals of the Dubai Economic Agenda D33.
The Dubai Metro Blue Line is anticipated to serve over one million residents and benefit over 50,000 students, promising to ease traffic congestion by almost 20% on major Dubai roads.
The Blue Line will comprise two main routes, with the first starting at the Creek Interchange Station on the Green Line and the second originating from the Centrepoint Interchange Station on the Red Line.
As the Dubai Metro Blue Line unfolds, it stands as a testament to Dubai's unwavering commitment to innovation, sustainability, and elevating the quality of life for its residents. This visionary project, under Sheikh Mohammed's leadership, will undoubtedly reshape the landscape of public transportation in the city, marking a new era of connectivity and convenience.
Check out some of our live listings or get in touch with our Head of Developer Sales; Fintan Flannelly, to check out the upcoming off-plan projects in those areas.