Dubai Tram could boost some nearby property prices by up to 150%

Dubai tramvai_RTA_5280Dubai’s new tram could add significant value to properties in the vicinity of the new mode of transport, according to property agency Chestersons. The Dubai Tram is due to open on November 11 this year and consists of a 10.6km-long track starting from the Dubai Marina and stretching up to the Tram Depot near Dubai Police Academy. The tram is expected to transport about 27,000 passengers per day at the start of operations, increasing to 66,000 per day by 2020. The tram network will feature 17 passenger stations and a fleet of 11 trams in the initial phase. Fourteen trams will be added in Phase 2 to make a total of 25 operating trams. Each tram has seven coaches, including a gold suite and one cabin dedicated to women and children. It will be operated by Serco, the same company that manages the Dubai Metro.

http://www.arabianbusiness.com


Share on:
Facebooktwitterlinkedinmail

 

RECOMMENDED EVENT: