This paper has analysed the effects of the newly operated Dubai Metro on residential propertyvalues for three types of datasets: sale transaction, sale listing and rent listing values. Repeatedcross-sectional data were obtained for a year before and two years after the metro started operations.As genuine panel data were not available, a pseudo panel data dataset was constructed by groupingobservations into cohorts. A cohort is formed by grouping individuals to either the land parcel ID orthe building in which the property is in. The impact of the metro on property values was estimatedusing both difference-in-differences (DID) methods and hedonic price models. While the resultssuggest no significant impact on sale transaction values for properties within 2km distance to astation, estimations show a clear positive effect of the metro on sale listing values of residentialproperties. In addition, we find that there is a significant enhancement in values of residentialproperties listed for rent due to the operation of the metro.
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