- Broker Directory
- My Tools
- News & Advice
- Market Trends
- Other GN Sites
Al Maktoum International Airport (AMIA), one of the largest infrastructure schemes under construction globally, is helping shape the future of Dubai, generate business clusters and create real estate opportunities, according to a Knight Frank report. Knight Frank’s Global Cities 2016 Report has highlighted AMIA’s role in the city’s economy in the next decade, particularly in strengthening the emirate’s status as a global commercial hub.
“A key word in today’s global cities is connectivity. A four-hour plane ride from Dubai allows access to one-third of the world’s population and an eight-hour ride to two-thirds,” said Khawar Khan, Research Manager at Knight Frank Middle East. “In addition, over the next decade, Dubai South is planned to be easily accessible by road, rail and sea.”
Knight Frank noted that global cities are predicted to add 380 million new citizens over the next five years, thus requiring new mass transit systems, power and utilities and faster connections to markets.
Dubai International overtook London Heathrow as the world’s busiest airport for international passengers in 2014, handling around 70 million travellers. While the numbers are expected to hit 100 million by 2020, the scope for expansion at Dubai International is limited, shifting attention towards AMIA as the city’s future super airport.
“Our Global Cities 2016 Report positions Dubai on its watch list for global opportunities, highlighting Al Maktoum Airport for its anticipated role into the future of the city’s economy in the next decade,” said Diaa Noufal, Associate Partner Middle East and North Africa Research at Knight Frank. “The report draws on local infrastructure projects to enhance Dubai’s transportation network to predict a rise in the city’s image as a commercial hub worldwide.”
See more of Al Maktoum International Airport here.
Source: Property Weekly