Essential Worldwide is pleased to present the following news item on one of our most exciting property markets: Dubai.

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The International Airports Organization (IAO) statistics revealed Dubai’s iconic international airport recording a 20 per cent growth in the number of flights and passengers in the first six months of  2006 compared to the corresponding period last year, the second-highest in the world. The airport also accounted for 30 per cent of the 70 million passengers that used Middle East airports. The Dubai Government expects the airport to handle at least 30 million passengers by 2010, up from the 24.5 million passengers in 2005. Flight movements in the first half of 2006 increased by 11.4 per cent over the same period last year, from 94,795 to 106,546 take-offs and landings. The Dubai Department of Civil Aviation (DCA) authorities says Dubai International Airport would be capable of handling 70 million passengers when the current $4.1 billion expansion involving the construction of Concourse 2 and 3, along with the new underground Terminal 3 is complete. In addition, another AED30 billion is being invested in the development of Jebel Ali Airport City over an area of 140 square kilometers. Dubai airport offers connections to 165 destinations and is used by 111 airlines. This year, passenger traffic will rise to 30 million and aircraft movements will increase to 240,000 from 217000. Dubai International Airport, currently used by 113 airlines for 165 connections around the world, will overtake Heathrow Airport in passenger traffic by 2011 at the current growth rate.