Contact Members/Sign Up Reg Form

Dubai South properties attract buyers with new airport plans.

Amid plans to relocate operations from Dubai International Airport (DXB) to Al Maktoum International Airport, property investors are shifting their focus towards communities in Jebel Ali and neighboring developments. A recent analysis reveals a surge in interest among buyers eyeing residential units in areas like Dubai South, Dubai Hills Estate, Palm Jumeirah, Arabian Ranches, and Al Furjan. PropertyFinder's report highlights Dubai South, also known as Dubai World Central, as a particularly attractive investment destination following the announcement of the airport transition.

The decision to transfer all operations from DXB to Al Maktoum International Airport was announced by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai. With designs approved for new passenger terminals, the facility is set to be five times larger than DXB, currently the world's busiest aviation hub for international traffic. Sheikh Mohammed emphasized the anticipated increase in property demand in the area, envisioning a city built around the airport to accommodate up to a million residents.

Stay informed with the latest news. Follow DXB News Network on WhatsApp Channel

Cherif Sleiman, Chief Revenue Officer at PropertyFinder, anticipates a dynamic real estate market driven by the airport project. He notes that the shift of operations to Al Maktoum International Airport is expected to reignite demand in developing areas. While newer locations gain traction, established favorites such as Dubai Marina, Downtown Dubai, Jumeirah Village Circle, Business Bay, and Palm Jumeirah continue to draw interest from potential apartment buyers.

The Dubai real estate market witnessed significant growth in April 2024, with sales transactions soaring by over 45% compared to the previous year. The value of transactions also saw a substantial increase, reaching nearly AED 32 billion in the first quarter of the year, marking a 21% rise from April 2023. This surge in activity underscores the resilience and attractiveness of Dubai's property market, fueled in part by the anticipation of transformative developments such as the relocation of airport operations. As investors seize opportunities in emerging hotspots and traditional hubs alike, Dubai's real estate sector remains poised for continued expansion and prosperity.

May 3, 2024 5:01 p.m. 3743

#DubaiProperty #AirportTransition #RealEstateInvesting #DubaiSouth #AlMaktoumAirport #PropertyMarket #InvestmentOpportunity #DXBtoDWC #DubaiRealEstate #PropertyTrends #breakingnews #worldnews #headlines #topstories #globalUpdate #dxbnewsnetwork #dxbnews #dxbdnn #dxbnewsnetworkdnn

Paris 2024 Olympics: Uniting Athletes Worldwide in Pursuit of Greatness

sports / emerging sports
May 24, 2024 8 a.m. 429

Global athletes train tirelessly for Paris 2024, aiming for Olympic glory amidst intense competition and unity...Read More.

2024 Accessories Elevate Your Look with These Must-Haves

fashion / designer world
May 23, 2024 10 p.m. 360

Elevate your style with top accessories for 2024! Discover must-haves to enhance your look...Read More.

Paris 2024 Olympics: Uniting Athletes Worldwide in Pursuit of Greatness

Global athletes train tirelessly for Paris 2024, aiming for Olympic glory amidst intense competition and unity

2024 Accessories Elevate Your Look with These Must-Haves

Elevate your style with top accessories for 2024! Discover must-haves to enhance your look

PM Shehbaz arrives Visits UAE

PM Shehbaz to hold talks with UAE President Sheikh Mohamed bin Zayed, focusing on bilateral relations during his visit.

ECC to Approve $2.58m Compensation for Families of Chinese Workers Killed in Dasu Attack

A compensation of Rs2.5m is also proposed for a Pakistani national killed in the same attack.

Jeff Bezos beat Elon Musk, still trails Bernard Arnault in world's richest person list

Bezos and Musk engage in net worth fluctuations, sparking a battle for the top spot.

Sheikh Abdullah Joins Mourning for Iranian President

Sheikh Abdullah, UAE Foreign Minister, led delegation in participation.

Here are the main contenders in the UK elections, besides Rishi Sunak.

Mr. Sunak's unfulfilled pledges encompass reducing health waiting lists, halting irregular immigration, and relocating migrants to Rwanda.

Japanese Solo Climber Dies in Fall from North America's Tallest Peak

Rangers locate fallen climber at 17,000 feet using satellite communication data in investigation.

UAE President's State Visit to South Korea Begins May 28

His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, will embark on a state visit to South Korea starting on Tuesday, May 28th.

Macron Unprecedented Insurrection Erupts in New Caledonia

Macron labels rioting in New Caledonia as "unprecedented insurrection," catching everyone off guard.

Donald Trump Stuns Followers: Claims Authorized Shooting

Trump falsely alleges Biden sanctioned shooting him during Mar-a-Lago FBI raids.

Nahyan bin Mubarak Opens New Campus for Abu Dhabi's American School

Sheikh Nahyan bin Mubarak Al Nahyan, UAE Cabinet Member and Minister of Tolerance and Coexistence,

Sunita Williams' Starliner Space Launch Delayed to June

Teams aiming for launch on June 1 at 12:25 pm ET, with backup opportunities on June 2, 5, and 6.

Eggs for Health: Tips & Tricks for a Nutritious Diet!

In the realm of superfoods, the humble egg often gets overshadowed by trendy kale and exotic quinoa. However, eggs are making a strong comeback, reclaiming thei

UAE's Dengue Fever Campaign Eradicate 400+ Mosquitoes Sites

UAE Health Minister confirms 409 mosquito sites eradicated to halt dengue fever.

South Korea, China, Japan Leaders to Meet After 5 Years

South Korea, China, and Japan's leaders will meet in Seoul after a five-year gap, indicating a significant diplomatic development in East Asia.

Technology Institute Unveils Updated Falcon 2 11B AI Model

TII: Global research leader, driving innovation across diverse fields with applied science.

Zuckerberg From Executive Council for Meta's AI Products

Meta's new executive council reflects its push to revitalize AI initiatives, aiming to harness top-level expertise for innovation and growth in this pivotal are

Get In Touch

3001E, 30 Floor, Aspin Commercial Tower, Sheikh Zayed Road, Dubai, UAE

+971 56 450 3476

Follow Us

© DNN. All Rights Reserved.