Once again, Dubai has made history; being the first to host the Expo in the Middle East, Africa, and Asia. The city was on a date with glory on 1st October, as Expo 2020 opened its doors to welcome visitors interested in innovation looking for an opportunity to see the world from a new perspective.
But the Dubai Expo holds much more than exchanging knowledge and connecting creative minds from around the world, Expo 2020 is a promising opportunity for the UAE’s economy to grow, reaching unprecedented levels. This six-month event is the golden goose for real estate investments in Dubai, among other economic sectors. The Dubai Expo 2020 promises approximately US$23 billion to the Emirati economy.
Dubai is already known for its highly developed real estate industry, where relentless developers like Azizi never miss the chance to provide the market with new projects that are strategically planned to enrich the ever-growing market.
Expo 2020 Impact on Real Estate Market
Since the beginning of the Dubai Expo 2020, the real estate market that witnessed a setback in the pandemic now has an increasing demand for residential properties and, more property construction projects have emerged into the picture. Not only residential properties, but the city also had a spike in the construction of shopping centers, hotels, and restaurants.
So how positive will Expo 2020 impact on real estate market and would this impose a good
chance to make a real estate investment in Dubai.
Rocketing Tourism Rates
The Dubai Expo 2020 is expected to result in a drastic increase in the number of tourists in Dubai. Recent reports indicate that the anticipated number of tourists will reach 25 million dollars, between business seekers and tourists looking for unique things to do and discover.
Despite their goals, visitors of different interests will most likely look for places to stay in, and hotels are not a convenient option for people planning a long stay. Since the Expo 2020 began, there was a boost in searches for apartments and villas for rent in Dubai. Looking at this, if you are looking for an investment in the current time, buying properties in Dubai and renting features a very rewarding investment.
Job Seekers from Around the World
The Dubai Expo 2020 is the source of massive numbers of job opportunities and new businesses. With such numbers, commercial and retail spaces will be the new star of investment properties in Dubai.
Owning a commercial property will enable you to make the best property investment in Dubai. Residential properties can be revenue snatchers as well. Employers and their employees will be hunting for places, offering strategic locations and premium amenities to help them stay in the center of the action.
The Expo 2020 Impact Continues
Are you familiar with the term “the Expo effect”? This term is used to describe the continuous positive impact the Expo has on its host country over 10 years following the end of the exhibition. Looking at previous host cities, real estate prices in Milan and Shanghai kept on soaring following the Expo. Dubai will be no exception to the Expo effect and considering how developed Dubai’s real estate market was even before the Expo, the gains will probably double.
So, yes, the Expo 2020’s impact on Dubai’s real estate market won’t stop after six months. The market will keep on growing. By not making a real estate investment, you will be missing a lot of chances to profit. Buying properties in Dubai today will keep providing you with profit for many years to come.
And now, as the country is lifting all covid-19 restrictions and life is getting back to normal, Dubai will be attracting people more than ever, especially those looking for safe and luxurious places to settle in.
Ready to Make the Best Property Investment in Dubai?
At Azizi Developments, we are committed to developing residential properties and retail spaces with premium features, bearing in mind the needs of our clients, whether they were investors or individuals.
We choose the locations of our development projects in a strategic way, ensuring our properties are in the spotlight being close to popular attractions in Dubai, including the Expo 2020.
When choosing Azizi Developments, you will be buying properties in Dubai’s most prestigious areas, including:
Palm Jumeirah
One of the greatest man-made islands in the world, Palm Jumeirah is one of the most distinguished beachfront destinations in Dubai. With proximity to Dubai’s major attractions, such as Nakheel Mall, Dubai Marina, JBR, Mall of Emirates, Dubai International Airport, and other destinations, Palm Jumeirah is the perfect place to consider when purchasing a residential or commercial property in Dubai.
Al-Furjan
Only 12 minutes away from the Expo 2020, Azizi Developments situated some of its most iconic residential and commercial properties at Al-Furjan.
Buying properties in Dubai, Al-Furjan means enjoying great connectivity; being a part of “‘Route 2020” that connects many areas of Dubai such as Jebel Ali and The Gardens via the metro line.
Al-Furjan is also close to popular attractions like DIFC, Business Bay, and Jebel Ali Free Zone.
Mohammed Bin Rashid City (MBR City)
Strategically located on the most vibrant highways in Dubai, Sheikh Mohammed Bin Zayed Road, Sheikh Zayed Road, and Al Khail Road, Mohammed Bin Rashid City is the ideal destination for these planning to make a property investment in Dubai.
Whether you want to purchase a residential or commercial property, you will find what you are looking for with Azizi Developments’ MBR projects.
Jebel Ali
With Azizi Developments’ Aura Jebel Ali, you get to invest in many residential units, from studios to 1- and 2-bedroom apartments, and if you are more interested in retail spaces, we have plenty of those too.
When choosing Aura, you will be investing in one of the Middle East’s leading industrial areas that keeps on growing each day. The area is home to the largest marine port in the Middle East and is located at a close distance from the iconic Expo 2020, Jumeirah Lake Towers, Al Maktoum International Airport, Ibn Battuta Mall, and other prominent attractions in Dubai.