Positive Impact Of The World Expo 2020 On Dubai's Real Estate
Market
The World Expo 2020, a mega event is surely going to have a big
impact on Dubai real estate by generating a higher demand for
residential housing projects in the city. The World Expo 2020, a 4.3
million square meter plot is situated strategically in between Dubai
and Abu Dhabi, and the cost of construction of this site is estimated
about US$ 6.9 billion. Real Estate sector will benefit from the
plans of big expansion of the hospitality sector, and the residential
real estate sector also has expansion plans to supply to the housing
needs of people relocating to Dubai for expo 2020.
With The World Expo 2020, Dubai will receive about 25 million
visitors and will be spending 25 billion dirhams in total
infrastructure investments and this should lead to more than 277,000
new job opportunities spurring up. Due to increase in jobs, the
demand for residential real estate will also increase. This is the
prime reason that a lot of investors are buying property in Dubai in
prediction of the strong growth that the Expo 2020 is likely to
bring. While people who are looking to live here are buying property
before an estimated surge in prices in the build up to Expo 2020.
UAE is expected to attract foreign investments
that range in between US$ 100 billion to US$ 150 billion.
Dubai will see growth of 35 to 50% as a direct result of the World
Expo 2020 that means, for investors, it is the time to buy in Dubai.
With many vast ongoing investments in mega infrastructure projects
that are set to be ready in time for 2020, and we believe Dubai’s
charm will rise in the years to come.
Whether you’re looking to buy an apartment or invest in property, always hire the expertise of a real estate agency that has a great track record and provides affordable property for sale in Dubai. Investing in Dubai real estate today could be the best time for gains in the future.