The Government in Dubai has deployed considerable investments in building transport and road-based infrastructure to the tune of Dh100 billion as per reports. This has naturally had a major impact on the real estate market in Dubai along with sparking commercial development and further business growth. The Emirate continues investing majorly in boosting overall infrastructure. The road network in Dubai has made it number one in the UAE with regard to the road quality for 4 consecutive years.
There is a focus on sustainable development and infrastructure improvements in the run-up to the World Expo in the year 2020. This has already sparked considerable investments in residential real estate, hotels, new roads and other mixed-use developments. There has also been an improvement in transit services and systems in Dubai ever since the RTA was set up in the year 2005. The Dubai Metro has been running for around 9 years. The Dubai Metro has already benefited the Emirate in terms of capital accumulated and operational expenses to the tune of Dh41 billion between 2009-2016.
The benefits accumulated for 2020 and 2030 are forecasted to be Dh115 billion and Dh234 billion respectively. The operational and capital costs for the same years are estimated to touch Dh54 billion and Dh45 billion respectively. The cost benefit ratio is estimated to touch 2.5 and 4.3 for 2020 and 2030 respectively. The Dubai Metro has become the major driver of the public transportation system in the city. This has also sparked massive real estate development near the metro network and this trend looks set to continue.
