New Airport City Boosts Property Market in SA's North Coast.

Dube TradePort
The Dube tradeport is Africa's first purpose built airport city, strategically located 30km north of the important coastal city of Durban, in KwaZulu-Natal, on South Africa’s eastern seaboard.

The  development is home to the ultra mordern King Shaka International Airport, and is also positioned 30 minutes from Africa’s busiest cargo port, Durban Harbour, and 90 minutes from Richards Bay Harbour.

Dube TradePort is one facility in Africa that combines an international airport, dedicated cargo terminal, warehousing, offices, retail, hotels and agriculture.

Dube Square - Dube TradePort

Currently there is growing interests from property investors the in north coast of Durban due to the increase in economic activity at Dube Tradeport. Acting CEO of the Dube tradeport Corporation  Hamish Erskine says that the increase in new air traffic in Durban is an integral part to the greater implementation of the KwaZulu -Natals economic and tourism development plan which is aimed at stimulating local trade as new facilities are established at Dube TradePort and other nearby developments.

According to a local property developer the quick selling out of Sibaya-based Ocean Dunes development is a clear example of the effect the boost in economic development is having South Africa's north coast.

 Ocean Dunes development
 Ocean Dunes development

Tourism and Economic Activity Boost
In 2015 King Shaka International Airport attracted four new airlines,  Qatar Airways, Ethiopian Airlines,  Turkish Airlines and Proflight Zambia, to boost Durban’s network which means increase in daily flights to the  Emirates  and regional services to Harare, Maputo and Mauritius.

In addition there are also planning is ongoing for a rapid rail system that will connect the king Shaka International Airport with Durban.

King Shaka International Airport
Inside King Shaka International Airport

Statistics South Africa (Stats SA) numbers show that the total international arrivals have risen 85% and foreign passenger arrivals 22% since King Shaka Airport.opened.

Experts believe there is still a large untapped opportunities in the international passenger market and that the  international flights will open and enhance global and regional trade links by moving passengers and cargo.

One analyst said that the increased economic activity from King Shaka International Airport and Dube TradePort correlates with  the appreciating value of the surrounding property and the investment potential. Prime residential, commercial and industrial land on the north coast is critical to boosting economic growth and development in the area as the airport and Dube TradePort increase trade opportunities.

No comments