Dubai has always been a symbol of impressive infrastructure projects, and the new construction of a passenger terminal at Al Maktoum Airport confirms this trend.
According to data, the capacity of the new terminal will be 260 million passengers per year, making it the largest in the world. This ambitious project, valued at 128 billion dirhams (US$ 34.8 billion), will not only change the cityscape but also have a tremendous impact on the real estate market.
One of the key aspects of this project is the creation of an entire city in the Dubai South area, capable of accommodating a million residents. This city will be home to leading global companies in logistics and air transport, creating new opportunities for investors and residents.
Already, Dubai South is one of the most sought-after areas for real estate purchases. Its proximity to Abu Dhabi adds to its attractiveness for residents, offering a unique opportunity to live in Dubai and work in Abu Dhabi, and vice versa.
This airport expansion not only creates new jobs and business opportunities but also stimulates real estate growth in neighbouring areas such as Al Furjan, Jebel Ali, and Dubai Investment Park. Experts believe that property prices in these areas will continue to rise over the next decade.
Ultimately, the expansion and modernization of Al Maktoum Airport herald a new stage in Dubai’s development as a global center for business, tourism, and living, attracting both local residents and international investors and affirming the city’s status as one that never ceases in its pursuit of greatness.
