Dubai World Central, the next big thing?
Dubai World Central, the next big thing.
With less than 5 years away from Dubai Expo 2020, construction and development of infrastructure is picking up pace. Such as developments like the new “route 2020” metro line, connecting the main red line to the Expo 2020 site. Alongside the recently completed Al Maktoum International Airport, already cited as “One of world’s 20 busiest cargo hubs”, and on track to take over a large number of the domestic and private flights. With 8 airlines already in place to move across to the site, including the ever popular Flydubai.
The proximity to the Jebel Ali freezone and port, and the huge opportunity for trade opening up in the region, this factor alone these signal an opportunity for investment.
What is DWC?
Dubai World Central is the development currently under construction in Dubai, United Arab Emirates. It will be an economic zone to support a number of activities including logistics, aviation, commercial, exhibition, humanitarian, residential and other related businesses around Al Maktoum International Airport with the planned annual capacity of 12 million tonnes of cargo and 160 million passengers. The construction area is 140 square kilometres, almost two times the size of Hong Kong Island. The location is estimated to be the future home of 900,000 people. The development has been designed on the basis of three key factors: Dubai’s geographic location, increasing importance of airports in the Middle East region, and the region’s booming aviation sector.
The integrated master plan of Dubai World Central comprises eight districts: The Al Maktoum International Airport, Logistics District, Aviation District, Residential District, Commercial District, Humanitarian District, Exhibition District and Golf District.
DWC Residential City
Housing around 250,000 people and employing around 20,000 more, Residential City will be linked to the Peripheral Road that runs around the Al Maktoum International Airport allowing easy access to other DWC components and surrounding developments. The City is geared to service the new airport and its main facilities, providing suitable and appropriate housing for employees and their families.
The development will feature schools, hospitals, health care centres, religious facilities, post offices, police stations, civil defence and public libraries. Alongside all the other requirements for a vibrant and growing community.
Great Potential, Limited opportunities
With the huge amount of investment in the area and future, that this area is ripe for investment and future growth. But with only limited commercial opportunities currently available, many are left waiting for the first round of residential development to launch.