Dubai’s
new international airport Al Maktoum will open to passenger traffic on Oct. 27.
This airport is claimed to become one of the world’s busiest airports. Its
first phase can handle almost 7 million passengers but eventually the capacity
will increase up to 160 million passengers and 12 tons of cargo a year when the
airport is fully complete and running.
The
first carriers to use the airport reportedly will be the Saudi-based carrier
Nasair and the Hungarian budget airline Wizzair.
The
new airport is supposed to give a significant boost to Dubai real estate market
over the next 10 years. More traffic
means more vacationers, tourists, home buyers and more investors. Hence the new
airport will contribute to the housing market in every way. The airport will
also create several hundred thousand jobs which will further increase the
demand for housing supply.
Al Maktoum will eventually develop into cargo and
passenger airport.
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