How iconic projects enhance Dubai real estate value
As a new project appears in a certain area, the surrounding gains an impact in a large way. The work needed at the time affects everyday life for a few years in some cases. But once built, the impact is far more positive. From the developments of Dubai Marina to more recent ones like Business Bay, Dubai has seen its fair share of landmark building projects. It has shifted the focus of the city in many directions. The simple fact is that Dubai real estate value is impacted by landmark projects all the time and always will be.
Being near to a project
People want to live in certain places. There is no doubt about that. The attraction of Dubai Marina comes from the beautiful buildings there that highlight the views. The property market close to an iconic project receives a boost. Interest increases. Prices go up. People want to be there. By building something iconic, the developer knows they can attract more to the area. One building often starts a boom. The locality receives a shot in the arm. The infrastructure often follows.
Dubai real estate value is impacted by landmark projects in the future
There are several projects at the moment that are receiving a lot of attention. The extension to the Metro will widen the effective commuting zone in the city. The Dubai Expo 2020 site will see massive investment too. Meydan One is going to see a lot of jobs flow into the area, and the result will be an increase in property prices. This is all great news of you are an investor as you can see the areas of growth in the next few years. If you live in Dubai, then think about how the new developments will affect your life. Will they make it easier?