A global real estate advisory firm has stated that a 20 percent price rise is expected in about five years time of residential and office accommodations near the Dubai Metro.

It has also been reported by DTZ that the residential and commercial properties along the new railway in the city and within 400 meters could see the price rise by 10 to 20 percent.

Andrew Edwards, Associate Director of DTZ, who wrote the report, was apprehensive of the appreciation of the value of the property even around the Metro stations and he said, "If the Dubai Metro proves popular and efficient then it is very likely we will see a significant impact on the values around stations."

Mr. Edwards also explained that the mentioned price hikes might not be experienced all of a sudden. Much time would be taken for the wide use of the Metro along with the understanding of the accessibility benefits.

The report mentioned that in the present down turn in the economy the property prices are likely to go down and the degree of accessibility has no meaning.

DTZ further mentioned that the Central Business District (CBD) locations are not going to benefit much as the accessibility already existed through Dubai Roads and Transport Authority before the launch of the Metro on September 9.

Key findings of the DTZ report is that the Metro is going to have its impact on the land use and the future developments shall be intensive within the walking distance of the Metro stations.

Over 10,000 staff across 148 cities in 43 countries is employed by DTZ.