Experts: Al Maktoum International Airport project boost real estate demand in Dubai
– The real estate sector is the first winner of the Al Maktoum International Airport expansion
– Direct positive effects on projects and demand for housing in areas near the new airport
-The largest airport in the world drives Dubai’s expansion plans in the tourism and aviation sector
Dubai, United Arab Emirates
Saturday, May 18, 2024
Dream City Real Estate confirmed that Al Maktoum International Airport expansion will have great positive impact on the Dubai real estate sector in particular, and on Dubai economy in general.
“The real estate sector is the biggest beneficiary of Al Maktoum International Airport, which is a great addition to the Dubai economy, and will provide support to other sectors such as tourism, hospitality, infrastructure, aviation and air freight,” said Joel Thomas – Sales Manager at Dream City Real Estate.
“The Expansion of the airport will extend the urban boom in the emirate,” he added.
Thomas said that the airport will consolidate Dubai’s prestigious position as a global center for tourism, business and innovation, and this is clearly demonstrated by the increasing number of investors and end-users who choose to buy their homes in Dubai.
He noted that the huge investment of Dhs128bn, which will be injected to the airport to be the largest in the world with a final capacity of 260 million passengers, will have a positive impact on many economic activities in the emirate, and its impact will extend for years to come.
Thomas stressed the quality of infrastructure and means of transportation to and from the emirate, which enhances the market’s attractiveness for investments of all kinds, most notably real estate investments, as it will support real estate demand in the Dubai South region to benefit from the airport’s logistical location.
He pointed out that the state-of-the-art infrastructure projects boost the attractiveness of the region for many investment activities and expand all commercial sectors, all of which are in the interest of residential real estate activity, so we advise taking advantage of the opportunities available in the region.
Thomas stated that the increase in traffic number will require developing the region to accommodate these huge numbers, whether by creating international hotels or tourist entertainment areas.
The sales manager stated that the real estate sector will benefit in the long term from rising unit prices, increasing rental values, and increasing new employees demand for ownership, especially those who will work at the airport.
Joel Thomas stated that the Dubai South region is witnessing great momentum in construction and urbanization activities, with an increasing demand from real estate developers to launch their residential and commercial projects in the region. He expected off-plan real estate sales to rise gradually as works at the airport expansion proceed.
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