According to new research by Cluttons property firm, Dubai’s already-booming real estate sector will be one of the main beneficiaries of the two-phased 65 sq km project in Jebel Ali, reported Select Property on its official website, highlighting that the redevelopment of Al Maktoum International Airport is expected to give Dubai’s real estate market a significant boost.

Dubai’s other airport, the Dubai International Airport, is currently the world’s busiest international hub and is considered one of the major foundations behind the region’s current economic growth, accounting for 28% of the gross domestic product (GDP).

It is worth noting that with the current expansions in Al Maktoum International Airport, this contribution is expected to rise to 32%, with a notable number of new jobs being created along the way.

“The residential sector will no doubt be an obvious long-term benefactor of the significant rise in the number of jobs being created, with both lettings and buyer demand set to rise significantly as the number of households in the city increases,” said Cluttons’ International Research and Business Development Manager Faisal Durrani, adding that the development of Al Maktoum Airport will spur activity as aviation-related industries move towards the emirate and set up their own infrastructure around the world’s largest airport complex.