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Expo 2020 will boost Dubai realty market
By Inayat-ur-Rahman June 11, 2016
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DUBAI: Dubai’s prospering real estate market and tourism couldn’t have had a better booster than the Expo 2020. The mega event has not only managed to upholster Emirate’s tourism appeal, it has also spurred infrastructure developments in the city and directed government’s attention towards improvements that would undoubtedly brighten Dubai’s future in the long run.

Majority of developments, currently in process, are aligned with Dubai 2020 vision which has been carefully crafted to gain maximum benefit from Expo 2020. The team at Bayut.com has helped us highlight a few ways in which Dubai’s real estate market will directly benefit from the global event.

Hospitality

The announcement of Dubai hosting the World Expo for the year 2020 has catalysed the development of hospitality offerings in Dubai. Considering Emirate’s plan of hosting 20 million visitors during the event, property developers have foreseen a shortage of hotels in Dubai and begun developing new ones to cater to the future demand.

The launched projects aim at every tourist category, with many announcing affordable hospitality offerings in every nook and cranny of Dubai, while others are concentrating on ultra-luxury options near Business Bay and Palm Jumeirah.

Better Infrastructure

Dubai has planned an awe-inspiring venue for Expo2020 at the city’s southern-end. For that, it not only developed and enhanced its road network, it is also extending its quality public transport services such as Metro Red Line Extension which will directly benefit the suburban residential communities it passes through. This has caused a rapid increase in the real estate value and a commendable increase in demand from tenants. Besides the roads and metro services, the government is also planning a bigger and better airport, named Maktoum International, near the Expo venue that has triggered development of mixed-use projects in that part of the emirate at great pace.

More jobs


No doubt Dubai has impressive residential developments to showcase, but they become useless if they are uninhabited. Creation of jobs bring a number of expats to the Emirate, who then occupy the new residential developments and everyone knows that the more people live in a residential community the more its demand increases.

Expo2020 is promising more than 200,000 jobs in Dubai and there is great likelihood of rising demand for residential units in the coming years.

Entertainment options

The staggering number of expected tourists for the Expo 2020 event has also attracted many developers to the Emirate who are busy in constructing new tourist attractions prior to 2020. Among such developments are Dubai Safari, Dubai Parks and Resorts theme park and IMG World of Adventure. These developments have lifted the morale of Dubai’s residents as they will be having many international standard entertainment options in the near future. The development of the theme parks has also increased the value of residential communities in proximity whose residents may furnish their vacant apartments and rent then for short-terms to tourists pinching pennies on accommodation.

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