Al Maktoum International Airport Expansion To Boost Dubai Real Estate
Dubai South real estate will see benefits from the expansion of Al Maktoum International Airport says W Capital. The real estate brokerage said that the project to develop the world’s largest airport will drive the property sector in the near future by enhancing demand for all types of real estate in the Dubai South area. In the long term this will attract increased interest due to its proximity to the airport and W Capital CEO Walid Al Zarooni said investors should make decisions quickly to avoid losing gains in the pristine area. This huge project will have a positive impact on Dubai’s economy during its implementation and will stimulate the real estate and construction sectors. This impact will increase when the project is completed and the targeted capacity of 260m passengers is reached. The airport is a strong addition to the local economy and will support economic growth as a whole while achieving the airport’s goals. The real estate sector will be the most prominent beneficiaries of the airport project, as it enhances the transportation infrastructure in this region, and it will require providing housing and accommodation services for expatriates and travellers, whose number will exceed a quarter of a billion passengers annually. This will push real estate companies to increase new projects in the Dubai South region, and the opportunities will be attractive for foreign investments in real estate.
Tags : Dubai Al Maktoum International Airport W Capital Walid Al Zarooni property brokerage real estate construction expatriates housing foreign investments