Dubai South real estate boom, $35bn Al Maktoum Airport expansion fuel Unique Properties’ AED20bn sales milestone
Dubai South has seen a 22.8% increase in rental yields over the pas six months, with property valuations reaching AED211.4 million
Dubai’s leader Sheikh Mohammed bin Rashid Al Maktoum says that the soon-to-be expanded airport will rise as the world’s airport, urban hub, and new global center.
The expansion of Al Maktoum International Airport is a massive undertaking with a budget of $35 billion. Covering 70 square kilometers, the airport aims to accommodate 260 million passengers each year.
Moreover, it will feature 400 aircraft gates, five parallel runways, and more than 100,000 square meters of retail space. Beyond being an aviation hub, this project is set to drive economic growth, creating 10,000 jobs and significantly boosting the local economy.
But this step up is more than just an infrastructural upgrade. Insiders are looking forward to the upward trends it’s going to bring to the Dubai real estate market. This also opens a conversation for investors looking to open doors in Dubai.
Impact on Residential Real Estate in Dubai South
Numerous residential projects are underway to meet the burgeoning demand. Emaar South, for instance, emerges as a sprawling community offering over 15,000 residences. Designed as a self-sustaining urban enclave, it integrates residential units with retail spaces, office buildings, parks, sports courts, and community centers.
DAMAC’s Riverside community is another notable addition, featuring 1,900 townhouses designed with modern aesthetics and premium amenities such as private pools and clubhouses.
These developments aim to redefine living standards with spacious layouts, high-quality finishes, and exclusive community facilities.
Anticipated Community Development
To support this growth, substantial enhancements in transportation infrastructure are underway, including new roads, highways, and public transit links. This connectivity upgrade ensures seamless access to Dubai’s key areas, enhancing Dubai South’s attractiveness as a residential and commercial hub.
The expansion’s economic stimulus is expected to transform Dubai South into a vibrant metropolis, prompting additional investments in schools, healthcare facilities, shopping centers, and entertainment venues. This comprehensive approach underscores Dubai South’s potential to emerge as one of the city’s most dynamic districts.
Economic Growth and Job Creation
The expansion initiative isset to generate thousands of new jobs, attracting a growing population to the area. This influx is expected to stimulate demand for rental properties, bolster local businesses, and sustain upward momentum in property values, presenting