With the government approving the construction of a new passenger terminal at Al Maktoum International Airport, Dubai South is expected to witness a strong real estate growth.
Once the AED 128 billion mega project, which will transform Dubai South into a bustling economic hub in the region, completed, the airport will have an annual passenger capacity of 260 million, making it the largest in the world.
Of course, the impact extends beyond aviation. Analysts foresee a surge in demand for both residential and commercial properties in Dubai South and its surroundings. With plans to absorb Dubai International Airport’s operations within a decade, the potential for growth is immense.
The airport’s strategic location will help develop a thriving ecosystem, attracting businesses, professionals, and investors alike. As a result, the need for residential communities in the surrounding areas will shoot up.
Moreover, the expansion will create opportunities for industrial and warehousing sectors, with areas like Jebel Ali and Dubai Industrial City poised for further growth.
Property developers are gearing up to capitalize on the burgeoning demand. With projections of a million people shifting to the vicinity of the new airport, major developers have already announced new projects in Dubai South, highlighting its status as a prime real estate investment destination in Dubai.
As Dubai South soars to new heights, make a smart move by adding Dubai South to your off plan investment portfolio.
Contact Dubai’s top property brokerage firm QSA Real Estate for strategic advice on investing in or buying the best properties in Dubai South that promise high capital gains and rental yields.
