Etihad Rail set to accelerate growth in UAE’s property market

Etihad Rail set to accelerate growth in UAE’s property market

The proposed connectivity to GCC countries will also benefit the rising UAE property market.

Etihad Rail, which is expected to carry over 60 million tonnes of freight and 36.5 million passengers by the year 2030, will transform the economic landscape of the country by connecting 11 major cities of the seven emirates. The national rail network of the UAE is expected to contribute to the country’s economy and sustainability, with the real estate sector leveraging the most benefits.

The proposed connectivity to GCC countries will also benefit the rising UAE property market. It aligns with the UAE’s economic goals and agenda, such as the UAE 2050 Net Zero Initiative and UAE Centennial 2071 project.

The 1200-kilometre-long project will play a pivotal role in bridging the gap between the seven emirates, making commutation easy for UAE residents, according to the Zoom Property Insights.

Ata Shobeiry, CEO at Zoom Property, said Etihad Rail will benefit the country in more than one way.

“While it will certainly make commutation a breeze within the UAE, there will be a significant impact on the property markets across emirates as well. Communities and neighbourhoods located close to the Etihad Rail stations will record a price hike. Moreover, there will be an