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Dubai Metro’s Route 2020 project — the extension of Red Line rom Nakheel Harbour and Tower Metro station to the Expo 2020 site -  will drive price and rent increases in communities served by the new route. This, however, will be only once it gets operational in 2018 and is unlikely to lead to any rental increases this year, believe real estate experts.

The new route will serve areas such as the Gardens, Discovery Gardens, Al Furjan, Jumeirah Golf Estate, and the Dubai Investment Park, which are home to over 240,000 residents.

The extended sector of the Metro line will stretch 15 kilometres and includes seven stations, including two underground ones. “Rents and currently stable and prices are trending down in most locations across Dubai.

“We expect average sale prices to decline by up to 10 per cent this year. The news of the new Metro extension will not alter this general trend, but it will improve sentiment towards those areas to be served by the new metro extension,” Craig Plumb, Head of Research, JLL Mena, told . “The impact of this improved sentiment will be felt first in the sales market as it will result in higher rentals being achieved in the future.

“These rentals will not of course apply until after the metro extension is completed and we would therefore not expect the announcement to have any immediate impact upon rentals in 2015.” Mario Volpi,