Which Dubai locations are set to boom as Al Maktoum International Airport project takes flight?

Dubai South and Expo City to Benefit First from Dh128 Billion Mega-Airport Project, with More to Follow

Dubai: Locations within a 20-kilometer radius of Dubai’s new Dh128 billion mega-airport project are set to experience significant demand and price increases as the city embarks on its largest infrastructure project to date.

The immediate beneficiaries will obviously be Dubai South and Expo City, but even locations slightly further away from Al Maktoum International Airport will feel the impact. Any land available in this radius is going to get snapped up as soon as it becomes available for sale. For developers and property buyers, the new airport is creating a whole new dream destination in Dubai.

The design for the ambitious Dh128 billion ($35 billion) airport project was announced in late April, with an anticipated capacity to handle 260 million passengers annually, making it the world’s largest airport facility. The project will cover a substantial 70 square kilometers.

The first phase of the airport will take 10 years to complete and will have the capacity to handle 150 million passengers per year. This leaves plenty of room for Dubai’s real estate market to capitalize on the opportunities around the airport site. Already, off-plan projects centered in Dubai South and Expo City are attracting investor attention. The Expo City now features Sky Residences with payment plans of up to 8 years, including 5 years of post-handover installments, with prices starting at Dh1.8 million.

Jebel Ali, Dubai Investments Park, and Dubai World Central will also experience a surge in development. Improved connectivity and infrastructure will lead to increased land and property values in these areas, offering lucrative opportunities for investors and end-users alike. “Other locations that could benefit include the coastal developments of Al Jurf and Ghantout. The corridor between the Expo site and the coast, extending to the border with Abu Dhabi, will undoubtedly benefit from the new masterplan.

Action Time at Dubai South

Over the past decade, Dubai South has been developing its residential options, commercial zones, and office spaces. Now, the master development can prepare for the next stage of growth, driven by the Al Maktoum International Airport launch announcement.

The current land values are between Dh160-Dh180 per square foot on built-up area and prices increase by 35 percent in the last 12 months. Dubai South and the surrounding areas are poised for substantial growth and development, making them prime locations for investment as the mega-airport project progresses.