The new airport in Dubai is known as Al Maktoum International Airport which is now under construction is viewed to have a very large impact on the real estate investment. Especially in the Dubai, it’s not just an expansion but it’s a game changer. Investors can seek various opportunities for this project targeted to be the world largest airport with planned total capacity of 260 million passenger throughputs per annum and beyond developments in various sectors are expected to be unleashed.
Impact on Dubai South
A large commercial and residential district in Dubai has been named Dubai South and it was actually on the outskirts of the city. The expansion of the airport will increase the market for both residential and commercial properties since more business people and professionals will establish permanent residence in the area to take advantage of the central business hub. There will be the logistic firms and airlines, multinational firms will be required to be served close to the airport generating high demand for office and industrial space units.
Residential and Commercial Development
This is attributed to the projection of increased population density through the class of residents and more so the professionals thus leading to increased buildings and construction of the following types of homes and living standards; affordable houses, apartments, and even better villas and mansions. In particular, these investors who managed to purchase buildings during its initial stages could enjoy rather high rates of their possessions’ appreciation with the growth of the area into a high-demand residential district. Also, the commercial real estate segment would have a positive impact due to the need for retail distribution centres, offices, and hospitality infrastructure, especially hotels and service apartments due to the projected increase in tourism.
Broader Citywide Benefits
Besides Dubai South, it is believed that the new airport will have a positive effect on real estate in some of the other more desirable locations such as Downtown Dubai, Dubai Marina, and Palm Jumeirah. The improved global accessibility will in turn ensure that these places get even more attractive to foreign investors and this might lead to hiking of costs of classy homes.
Strategic Considerations for Investors
Prospective investors in these opportunities should be prepared to work for the long haul in this development. While some of the returns could be short term, especially to the commercial market, the impact of those prices to residential market might take some time to surface until the requisite infrastructure is properly established. There will be the need to consider location within the city specifically Dubai South and the type of property to invest in to get the highest yields.
Thus, investors have to be up to date to fully capture the value added by the continuous real estate growth in Dubai resulting from the Al Maktoum International Airport. One of the strategies is hiring to experienced real estate professionals to whom you can turn for advice frequently and, second, doing market analysis constantly. Recognizing various property classes and areas along with the trends, will assist investors with gaining considerable future returns in this growing market.