According to a report by real estate agency Allsopp & Allsopp, projects for a new mega-airport in Dubai South are anticipated to significantly increase real estate development across the area.
Dubai’s Al Maktoum International Airport is selected to open with an accommodation of over 30 million passengers annually. With over 10,000 aircraft stands, it will become one of the world’s largest airports upon fulfillment.
This ambitious project will generate substantial demand for housing, commercial space, and other real estate near the new airport. Numerous key developers are growing operations in Dubai South to grab growth opportunities.
Dubai South landscape to change in 10 years
“Within the next ten years, the real estate landscape in Dubai South and its surrounding areas will change heavily. Multiple key developers, commercial hubs, retail outlets, malls, and other industries will inevitably expand to Dubai South, creating the city’s next centralized hub,” Allsopp & Allsopp chairman Lewis Allsopp said, adding that residential property prices in the area will see higher returns on investment and development in line.
Allsopp states, “Increased project launches are expected; this will also drive greater interest from international investors and buyers alike.”
Investing presents a “strategic opportunity to capitalize on the potential price increases and secure long-term gains.“
Dubai South is emerging as the city’s new central hub, with over 3.67 million passengers passing through its current airport in Q1 2024.
Similar developments surrounding Expo 2020 saw infrastructure upgrades boost prices up to 15 percent locally. Analysts observe that Dubai South may witness a similar trajectory.
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The Rise of Dubai South
The development of the mega Al Maktoum International Airport in Dubai South is poised to convert the area into a thriving commercial and home hub. With its huge ability and contemporary facilities, the airport is anticipated to attract many organizations, buyers, and citizens, resulting in a surge of real estate tasks and infrastructure upgrades.
Investment Opportunities Galore
Dubai South presents an attractive investment opportunity for those seeking long-term gains. As demand for housing, commercial spaces, and amenities increases, property prices in the area will likely experience significant appreciation. Investors who capitalize on this opportunity early benefit from the potential price increases and secure substantial returns.
A Vibrant Community in the Making
Dubai South’s development is not confined to the airport itself. The location is estimated to be a self-contained city, with residential communities, purchasing centers, enjoyment venues, and academic establishments. This holistic approach to urban planning will create a dynamic and thriving environment, attracting a various population and fostering an experience of community.
