Properties in close proximity to the new stations may receive stronger interest, even in the short term, Valustrat said.
Real estate investments in the GCC were much lower compared to the region’s massive outbound spend of $14 billion last year.
Those finding abandoned plots of land in Dubai are required to report the property to the police within 48 hours.
The company’s latest portfolio of projects includes residential properties in Riyadh and Dubai and a commercial tower in Riyadh.
Apartment and villa prices in Dubai fell marginally in the first quarter compared to Q4 2014, the report found.
Mohamed Alabbar said there needed to be additional controls on local property companies when it came to attracting foreign investors.
The project is currently the only residential development on Yas Island that is available for sale to expatriates.
The Emaar chairman has refuted allegations that his role on the board of other property companies is causing a conflict of interest.
Saudi-based Binladin is the first company to win a contract for the mega 31 million sq ft Town Square development in Dubai.
The first phase of the project will consist of 240 one bedroom apartments with prices starting at Dhs536,892.
Apartment rates in Dubai saw a drop or gain between one and three per cent, while villa rates were largely unchanged.
The projects include a 12 million sq ft mixed used development in Deira Islands that will feature a massive mall with a glass dome.
There has been increased speculation that Mohamed Alabbar may leave Emaar due to his other commitments in the real estate sector.
The developer has launched 306 apartments including a mix of studio, one, two and three bedroom units in the initial phase.
The project in central London comprises 450 residential units as well as Grade A offices and retail space.
The company agreed terms last week with Egypt for the first phase of a $36.7 billion plan to construct one million homes across the country.
One area of uncertainty is the minimum size of land to be taxed, and whether the tax will apply only to completely undeveloped land.
Speculation persists that Mohamed Alabbar and Emaar could soon part ways despite a categorical denial from the firm last month.
The first phase will consist of 100,000 units to be built in Egypt’s El Obour and Badr districts.
Downtown Views will have 418 residences and will feature one, two and three-bedroom apartments as well as a collection of duplexes.
The 300,000 sqft mall, located within the Living Legends development, is set for completion by the end of 2016.
The emirate recorded rental growth of 8.1 per cent last year, found Knight Frank’s global index.
The residential project will feature 99 four-bedroom villas priced from Dhs7.7 million onwards.
The new zone will feature theme park attractions inspired by Lionsgate’s blockbuster motion picture franchises The Hunger Games franchise and Step Up.
Ziad El Chaar said the momentum in the property market was being driven by foreign buyers, both those living in Dubai and abroad.
Property transactions slowed by 20 per cent year-on-year in January and 17 per cent in February, said the report.
Dar Al Arkan chairman Yousef al-Shelash said that he did not expect the tax to be applied to this land, since the company was in the process of developing it.
The cabinet’s decision aims to push out more land out into the market where it can be developed.
Much urban land in the kingdom is owned by wealthy individuals or companies who prefer holding it as a store of value, or trading it for speculative profits.
The company generated around Dhs600 million in revenues from the sale of land plots.