Aviation Growth Boost Dubai Real Estate

1. Burgeoning aviation growth in Dubai
set to boost the Dubai real estate

2. The growth of the aviation sector in Dubai has not gone
unnoticed. So, what does this mean for Dubai real
estate?
Undoubtedly it is good news, with significant growth in the
number of flight paths and flight services available, will
inevitably come a surge in the number of properties
necessary to accommodate the increasing number of
visitors and workers making their way to Dubai on either
short-term engagements, such as holiday-makers, or longer
term engagements in the case of employees, professional
contractors or expats.

3. Development of Al Maktoum International
Why the surge in aviation?
The rapid growth of the aviation sector in Dubai is due, in part, to
investment and ambitious commercial development. Not least a massive
and eye-wateringly expensive development of the Al Maktoum
International Airport in a two-part project, which is already underway.
The development of Al Maktoum International Airport is part of a larger
project being implemented by Dubai World Central. On completion, the
airport will have 5 runways, sufficient to accommodate 12 million tonnes
of annual cargo and 160 million passengers.
The project will increase the number of people able to access Dubai for
work and leisure, but, importantly, it will also supplement the existing
logistical infrastructure, improving the quality of life for the thousands of
people already living in Dubai. The development itself will generate jobs
in the short-term, for which workers will need accommodation during
the build. As such, the real estate sector is set to see surges, both long-term
and short-term.
Airport

4. Renewed stability in the Dubai real estate
sector?
The Dubai real estate sector is already acting in anticipation of greater
demand for property, by creating a number of new residential and
commercial developments. Developers are, nevertheless, cautious, in
efforts to avoid a repeat of the 2009 economic recession, which saw
projects shelved or, in some cases, abandoned. The development of the
Al Maktoum International Airport is allowing for economic inertia to
become a thing of the past though, with new projects already underway
and some of the previously rejected projects reopened.
Aviation and GDP in Dubai
Many experts agree that such is the magnitude of the development of
the aviation sector on account of the development of Al Maktoum
International Airport, the GDP created by the aviation sector in Dubai is
set to soar.
There is hope that this will create long standing economic stability for
Dubai, including a reinvigoration of the property and real estate sector,
which has already responded to news of the aviation development with
a flurry of investment in property development.

5. Allsopp & Allsopp
Dubai Real Estate Agents
Want more advice on moving or buying/ renting property
in Dubai? Contact Allsopp & Allsopp Dubai estate agents
on +971 4 4294444 or visit our offices
26th Floor, Vision Tower, Business Bay,
Dubai, UAE PO Box 55720
www.allsoppandallsopp.com