Dubai Metro Blue Line Secures AED20.5 Billion in Funding, Completion Set for 2029
Dubai has taken a significant step forward in enhancing its public transport infrastructure with the finalization of AED3.9 billion ($1.1 billion) syndicated financing by Emirates NBD for the highly anticipated Dubai Metro Blue Line. The total project value stands at AED20.5 billion ($5.6 billion), and it is a core pillar of the Dubai 2040 Urban Master Plan.
Awarded to a global consortium comprising MAPA, LIMAK, and CRRC, the Blue Line project will connect nine major districts, providing efficient mobility solutions to a projected population of over one million residents. Once operational, the line will serve approximately 350,000 daily passengers by 2040, with completion scheduled for September 2029.
Strategic Benefits for Dubai’s Urban Future
Spanning 30 kilometers and including 14 advanced stations, the Blue Line will integrate seamlessly with the existing Red and Green Lines. It will also directly link to Dubai International Airport and key locations such as Dubai Creek Harbour, Dubai Silicon Oasis, and Mirdif. According to the Roads and Transport Authority (RTA), the initiative will reduce traffic congestion by 20% and increase property values near metro stations by up to 25%.
The project is expected to deliver a benefit-cost ratio of AED2.60 by 2040, translating into AED56.5 billion in economic benefits, including lower fuel consumption, reduced carbon emissions, and improved traffic safety.
World’s Tallest Metro Station Approved
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, laid the foundation stone and approved the architectural design for the world’s tallest metro station, to be located at Emaar Properties Station, standing 74 meters high.
Ridership Growth and Long-Term Goals
Dubai Metro’s existing ridership has grown from 38 million in 2010 to over 275 million in 2024. With the addition of the Blue Line, the network will expand to 131 km, covering 78 stations and supported by 168 trains. The Blue Line alone is designed to eventually handle up to 850,000 passengers daily.
Connectivity and Urban Development
The new Blue Line is divided into two major routes:
Route One: From Creek Interchange on the Green Line through Dubai Festival City, Dubai Creek Harbour, and Ras Al Khor to International City 1.
Route Two: From Centrepoint Interchange on the Red Line in Al Rashidiya, through Mirdif and Al Warqa, also terminating at International City 1.
The project includes an underground interchange station and a metro depot at Al Ruwayah 3. Three major interchange stations will be located at Al Jaddaf, Al Rashidiya, and International City 1.
Sustainable and Green Transport Goals
The Blue Line aligns with Emirates NBD’s Sustainable Finance Framework, qualifying as a green finance initiative under the “Clean Transportation” category. It reflects Dubai’s broader vision for an integrated, sustainable, and connected urban future.
