Dubai Property Owners Take Wait-and-See Approach as New Airport Looms

Dubai Property Owners Take Wait-and-See Approach as New Airport Looms

Arabian Post -Arabian Post Staff – Dubai’s property market is experiencing a curious shift. While the emirate gears up for the relocation of its main airport to Dubai South, a wait-and-see attitude is gripping property owners, particularly those in areas expected to benefit from the development. The impending arrival of the Al Maktoum International Airport, with its colossal capacity and surrounding business hub, has ignited anticipation of a property […]

via Dubai Property Owners Take Wait-and-See Approach as New Airport LoomsArabian Post -Arabian Post Staff –

Dubai’s property market is experiencing a curious shift. While the emirate gears up for the relocation of its main airport to Dubai South, a wait-and-see attitude is gripping property owners, particularly those in areas expected to benefit from the development.

The impending arrival of the Al Maktoum International Airport, with its colossal capacity and surrounding business hub, has ignited anticipation of a property boom in Dubai South and its neighboring areas. Industry experts predict price surges of up to 15% within the year, driven by the influx of residents and businesses the new airport will attract.

This optimism is translating into a strategic pause among property owners. Many are opting to hold off on selling