Dubai’s real estate sector is poised to receive a significant uplift from the $35 billion airport development. According to a prominent figure in the property industry, the time to invest is now to capitalize on maximum gains.
The Dubai real estate sector will see a major boost from the expansion of Al Maktoum International Airport, according to 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.
Completion of the project and reaching its targeted capacity of 260 million passengers will further enhance its impact. Al Zarooni emphasized that the airport will bolster the local economy, fostering overall economic growth while meeting its objectives. Additionally, it will stimulate various sectors including construction, tourism, travel, transportation, real estate, logistics services, retail, export, import, and communications. The project will also generate numerous job opportunities for national companies and attract foreign direct investment (FDI).
