Metro Train is coming to Dubai Next year, one of Dubai’s most ambitious projects so far, Dubai Metro, will hit the tracks, literally. As the shiny blue driverless trains zip off, the emirate will take a giant step towards sorting out its traffic bottlenecks.
The Metro is scheduled to partially open by September 2009 and be fully completed by 2012. There will be a total of 47 stations. The Red Line will have 29 stations, including 24 elevated, four underground and one at ground-level. This line is 52.1 km long, including 4.7 km underground.
The Green Line will have 18 stations, including 12 elevated and 6 underground. The Green Line is 22.5 km long, including 7.9 km underground.
There will be two transfer stations — Union Square and the BurJuman Centre. At the transfer stations, Green and Red Lines will cross each other and passengers will be able to change between lines.
1. Prices are inexpensive by comparison to other similar trading hubs around the world, and are up by more than 20% in the past two years. There is scope for a substantial further rise, and certain properties have doubled in value already.
2. Property is a good hedge against inflation which is showing signs of re-emerging in the global economy. At such times the higher cost of debt servicing can usually be past on in additional rent, while the value of the property inflates and its debt is unchanged.
3. Rental income from property is a stable source of income, and while it might fluctuate, is highly unlikely to vanish altogether. Compare that to interest on deposit accounts or dividends on shares.
4. Real estate always has a residual value, although prices can certainly fall as well as rise. But property values will never fall to zero unlike shares and hedge funds.
5. Property is a kind of hybrid asset with the capital appreciation of a stock but the income producing capacity of a bond.
6. Investors typically have more control over the nature, timing and size of real estate investments. This is partly because they are tangible and easier to understand, and diversification is readily available in the form of different types of property.
7. Dubai property is open to any investor from anywhere in the world, unlike the local stock market. This means greater liquidity and more funds in the marketplace.
8. Demand for property typically picks up during an economic boom such as the one being seen in Dubai now. With massive projects such as the Dubailand theme park, Palm Islands, and Dubai International Financial Centre coming to fruition, this looks a wise time to invest in real estate.
9. Real estate is always an excellent collateral security against loans, and allows debt finance to be secured at the best rates.
10. Property portfolios offer great scope for diversification of risk into different property types, locations and rental levels. This helps to spread the risk of an interruption to income flow.
Dubai Property Show offering 10% Discount at Exclusive IMPZ Launch Day at Hilton Hotel London 05/07/2008.
Dubai: International Media Production Zone (IMPZ) is one of several trade-specific clusters set up by the Dubai Government. It has attracted about 200 companies in the printing, publishing, packaging and graphic media industries.
The zone is being developed on an area of 43 million square feet. Situated on Emirates Road close to Jebel Ali, IMPZ is part of the Dubai Holding unit Tecom Investments. It will have industrial, commercial, residential and retail facilities. Companies in the zone can have 100 per cent ownership and are exempted from almost all corporate and personal taxes, including those for machinery, equipment and raw materials used by the industry.
Some 80,000 people will be working and living in the cluster when it is fully ready, said executive director Hamad Al Huraiz.
Dubai: The International Media Production Zone (IMPZ) yesterday said three remaining phases of the Dh285 million Pre-Built Units (PBU) are ready for occupation at the dedicated zone for the graphic arts, printing, publishing and packaging (3P) industries.
With a total of 106 units, the PBU buildings will feature world-class showrooms and multi-use warehouses. Constructed primarily for media production companies that seek to commence operations with the least time delay, the phases have a built-up area of 1.4 million square feet.
Several business partners of IMPZ have already set up operations in Phase I of the PBUs, which was completed in November 2007.