According to real estate specialists, the new statement from Etihad Rail may result in value rises of up to 15% for specific homes. They did, however, stress that as the initiative develops and moves forward, the impact will probably be noticed gradually.
Jeff Raju, CEO of Manifest Real Estate, said, “It’s likely that areas around the Etihad Rail stations could experience rental and price increases of around 10 to 15 per cent.” “A property’s value will probably be greatly influenced by its proximity to metro and Etihad Rail stations.
Once Etihad Rail is up and running, projects with large apartment layouts nearer the station might see an increase of up to 10%, she said. “Compared to Reem and Yas Islands, I anticipate a higher price increase in Saadiyat Island because of its well-established social infrastructure and higher demand.”
Nonetheless, some experts noted that property value rises might not happen immediately. According to Evgeny Ratskevich, CEO of Metropolitan Capital Real Estate, the long-term impacts will be felt gradually, even though the immediate effect on property prices may be “limited.”
As more residents look for the convenience of shorter commutes between Dubai and Abu Dhabi, we anticipate a gradual increase in value, particularly for properties located close to the rail stations,” he said.
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