Dubai Career Diary

The massive expansion project at Al Maktoum International Airport has set off a real estate boom in the surrounding areas, pushing up property prices upward, with industry projections indicating a potential price rise of up to 15 percent in Dubai South and neighbouring areas this year alone.

Industry insiders are predicting a massive demand for properties – both housing and commercial spaces – pegging the numbers at upwards of 100,000 properties in Dubai South and its vicinities over the next decade, leading to a further surge in prices and creating a lucrative market for investors.

Several residential projects are already springing up in the area, including master-planned communities like Emaar South, DAMAC’s new Riverside community, and Dubai South Properties’ Pulse Villas. The airport expansion is also driving up development of business hubs and logistics centres, with companies flocking to Dubai South, drawn by the strategic location and the promise of modern infrastructure.

However, industry experts also caution that the rapid pace of development could lead to environmental concerns and potential market saturation, and that developers will need to accelerate construction plans to meet the housing needs of the projected influx of residents.

Overall, the Al Maktoum International Airport expansion project is expected to be a game-changer for Dubai’s real estate sector, driving economic growth and real estate development in the area.