With the new buzz around the expansion of Al Maktoum International Airport in Dubai South, this location is brimming with new life surrounded by many new projects being launched.
His Highness has recently approved a DH 128 Bn towards the expansion of Al Maktoum International Airport adding 5 parallel runways in the next 10 years. It is expected to increase the passenger capacity to 260 million annually.
Dubai South is the new location being looked at by the investors as a long term investments. This location has always provided various reasons to ensure a continued capital growth. Expo 2020 was organized during the peak COVID and the government still successfully not only hosted but welcomed around 24 million visitors. The whole infrastructure along with the metro, Exhibition Centre, Al Wasl interactive dome, restaurants and green parks have been retained and are open for residents and visitors alike.
Dubai Land department shows strong statistics for the residential developments in Dubai South. It has recorded a capital growth of 50% plus since year to date.
Damac always provides opportunities to its investors to penetrate in the upcoming and developing areas of Dubai where they can be part of an exponential capital growth story.
The upcoming master community of Damac will be a brand new opportunity for investors. The new master community will have villas and townhouses. The prices and payment plan is yet to be announced officially but the Developer has already started accepting interests towards the project.
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