UAE

Al Maktoum airport to boost UAE’s passenger traffic, economic development – Economy Middle East

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Knight Frank emphasizes the significant impact the airport’s expansion will have on the real estate market

Dubai’s Al Maktoum International Airport (DWC), designed to handle up to 260 million passengers annually, is set to significantly boost Dubai’s economic growth and the UAE’s passenger traffic, which is anticipated to increase by over 4 percent in the coming years.

Al Maktoum International Airport will become a cornerstone of Dubai and the UAE’s economic development, attracting more investments, creating new job opportunities, and stimulating various economic sectors.


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UAE’s booming aviation sector

Kamil Al Awadhi, regional vice president for Africa and the Middle East at the International Air Transport Association (IATA), recently stated that the new Al Maktoum airport will support the rising number of visitors.

For his part, Khaled Al Issawi, director of the Gulf and Near East Region at IATA, highlighted that the growth rate of aviation in the UAE, particularly in Dubai, is among the highest globally. He also stressed the importance of planning for the future over the next 20 to 30 years to accommodate this growth.

Adel Ahmad Al Redha, COO of Emirates airline, explained that the establishment of Al Maktoum airport will positively impact Dubai’s economy. Moreover, it will support the airline’s future expansions due to its increasing capacity and number of passengers.

Read: Dubai to get 32 new metro stations by 2030 in major expansion

Real estate sector to grow

Cushman & Wakefield, a global real estate services company, expects residential and commercial properties near Al Maktoum airport to become more popular. Meanwhile, Knight Frank, an international real estate consulting firm, emphasized the significant impact this expansion will have on the real estate market.

In addition, S&P Global noted that the Al Maktoum airport expansion would influence the city’s economy and the real estate sector, especially in nearby areas. On the other hand, Savills, another global real estate services company, also expects the airport expansion to spur the development of numerous infrastructure projects in its vicinity.

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