Friday, 4 October 2013

Boosting Real Estate in Dubai

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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