Multiple key developers are seen expanding operations to Dubai South to capture growth opportunities
Plans for a new mega-airport in Dubai South are expected to significantly boost real estate development across the area, according to a report by real estate agency Allsopp & Allsopp.
Dubai’s Al Maktoum International Airport is set to open with a capacity of over 30 million passengers annually. Along with over 10,000 aircraft stands, it will become one of the world’s largest airports upon completion.
This ambitious project is anticipated to generate substantial demand for housing, commercial, and other real estate near the new airport. Multiple key developers are seen expanding operations to Dubai South to capture growth opportunities.
Dubai South landscape to change in 10 years
“Within the next ten years, the real estate landscape in Dubai South and its surrounding areas will change heavily. Multiple key developers, commercial hubs, retail outlets, malls, and other industries will inevitably expand to Dubai South, creating the city’s next centralised hub,” Allsopp & Allsopp chairman Lewis Allsopp said, adding that residential property prices in the area will see higher returns on investment and development in line.
According to Allsopp, “increased project launches are expected, this will also drive greater interest from international investors and buyers alike.”
Investing now presents a “strategic opportunity to capitalise on the potential price increases and secure long-term gains.”
Dubai South is emerging as a new central hub for the city with over 3.67 million passengers through its current airport in Q1 2024.
Comparable developments surrounding Expo 2020 saw infrastructure upgrades boosting prices up to 15 percent locally. Analysts observe Dubai South may witness a similar trajectory.
