On Sunday, the Ruler of Dubai, Vice President and Prime Minister of the UAE, Sheikh Mohammed bin Rashid Al Maktoum, announced the expansion of Al Maktoum International Airport in Dubai South. The primary purpose of this expansion is to build a new passenger terminal that can accommodate 260 million passengers every year.

Expansion Cost 

The airport's expansion costs are valued at AED 128 billion (approximately $34.8 billion). This expansion is expected to be five times larger than Dubai International Airport (DXB), with 260 million passenger accommodations annually. Moreover, once the construction is completed, all operations will be transferred from Dubai International to Al Maktoum International.

Experts Opinion

According to experts, the expansion of Al Maktoum International Airport in Dubai South is set to trigger a surge in property demand and a subsequent steady rise in property prices in the area. Experts' insight revealed why investing in Dubai South properties is ideal. 

The Residential District at Dubai South has been an attractive investment destination due to its state-of-the-art amenities and convenience. CEO of Dubai South Properties, Nabil Al Kindi, said these amenities and convenience include:

• Upcoming British Curriculum School

• Public Parks, Sports Courts

• Retail Shops, A 50,000 sqft Hypermarket

•  A Mosque, A Petrol Station

• Public Bus Route Connecting The District To The Expo Metro Station

Al Kindi further said that over 25,000 residents in The Residential District of Dubai South enjoy its distinctive lifestyle. Dubai South The Residential District attracts residents with a 20% annual growth rate. Recent data reveals an 11% increase in residential property transactions compared to previous years. He also said that Dubai South provides good investment opportunities for diverse offerings, particularly the units across our developments are much more spacious than the market. 

Expected Prices in Dubai South 

According to Kelly, property prices in the South of Dubai and nearby areas are expected to rise steadily in the coming years. This is due to continuous infrastructure developments and improvements, as well as the opening of new entertainment options. It’s a clear upward trend, and starting from this week, we expect a significant increase in market activity in these areas. 

Nabil Al Kindi said that the completion of the airport is anticipated to increase job opportunities and the demand for new properties, offices, retail, hospitals, and other social infrastructure.

The new airport will play a significant role in realizing the Dubai 2040 plan, further reinforcing Dubai as a world-leading hub for business, real estate, tourism, and retail. Meanwhile, the existing Dubai International Airport site will offer prime space for new investment, opening up a golden opportunity to regenerate the area to bring further economic growth to the city. 

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