Will Real Estate In Dubai Witness A Boom After EXPO 2020?

We all have been looking forward to EXPO 2020. Considering the much-awaited event for a decade, it will surely contribute a lot to Dubai city. The event has already been able to make a mark. But, 

What will be its impact on the Real Estate industry? Is it going to witness the anticipated boom or would leave just minor changes? Keep reading as we’re going to clear out the entire speculation with more information. 

Since the EXPO 2020 event is of mega global scope, numerous visitors, entrepreneurs, business owners, and countless people are going to come to Dubai. After the pandemic hit last year, Dubai has been able to receive the highest vaccination rates & ready to serve the investors. As per the data, more than 78% of the total Dubai population is already vaccinated. The country has been able to achieve normality with its swift and decisive action during this entire period of pandemic and lockdown. One such move was the efficient rollout of the vaccination in the entire city. 

So, Dubai has already recovered with pace & is ready to welcome tourists and visitors. Along with following the social distancing norms, the EXPO event is dedicated to greeting the 25 million visitors with open arms. Regarding that, the event is going to contribute around 122 Billion AED to the economy. Since the start of the EXPO 2020 was quite amazing and beneficial for the country’s economy, now we can visualize the positive impacts on the retail sector as well. 
 

 

Quick Commercial Sector & Green Real Estate Growth
 

The EXPO 2020 in Dubai can attract worldwide attention before, during, and after the event. The stock market is already on the rise and new buildings & construction projects like restaurants, hotels, shopping malls are set up around the EXPO 2020 site. The craze of EXPO is only expected to grow with international exposure. The event is said to be opening doors of growth and possibilities for new businesses and investors. 
 

With more and more businesses expanding to the city, the commercial real estate Dubai market is on the verge to meet new demands. The industrial and logistics domain has already witnessed huge demand for warehouses and other facilities near the location of EXPO 2020. The commercial space of Dubai is dedicated to high-quality & well-designed infrastructure. The event is going to promote environmental-friendly construction & every builder should keep an account of that. In addition, the development spaces should be flexible enough to meet individual expectations. 
 

Environmental-Friendly Real Estate Is The New Future
 

There are already numerous environmentally sustainable constructions available near the EXPO 2020 site. You can find 121 LEED buildings with 12 being of the highest grade material I.e. platinum. The major highlight of these buildings is that they are designed with certified environmentally sensitive materials. It is a new trend and is taking commercial real estate to future growth. It is a clear signal that this “Green Real Estate” is going to witness huge adoption in Dubai. Low carbon impact, better air quality, low energy & water consumption, etc. are some of the major benefits. 

Even a lot of other countries are showing interest in the relevance of sustainable environmentally friendly property investments. The future is here now and the residential properties are even switching to such trends. In the coming time, advanced construction technologies will prove to be quite significant in modern urban planning. It is even encouraging for Dubai-based builders to tap into the future and opt for environmental-friendly building practices.  
 

Definite Growth In Residential Construction Demand

 
The popularity of the EXPO 2020 is on another level and that is luring more & more tourists to Dubai. The city is going to flood with investors for residential spaces. The country’s diplomatic relations have improved with several nations and that is opening channels for more investments. The UAE government has focused a lot in the regard to attracting new opportunities in Dubai. Government incentives, relaxation of in-laws, new visa policies, easing loan policies are some of the steps for successful diplomatic growth.  

It caused a huge impact on the growth in the country’s investments. With more businesses coming over to Dubai, the families and known ones are also bound to follow. With the huge attractions, the housing development demand is also going to see a surge. If we believe the predictions, every one in twenty EXPO visitors is going to move permanently as a resident in Dubai. 

It is estimated that around 7% of total real estate transactions (Accounting for over $10 million) are focused on new investors. The interest would be in luxury properties and hence we can see plenty of new developments being set up within a close range of the EXPO location. 
 

New Residential Investment Developments

 
The new infrastructure near the EXPO 2020 site has also lured investment company in Dubai and in residential areas. It is making the residential construction projects grow even in the remote or outer areas. It is the impact of the EXPO event that the residential areas, metro plans, infrastructures are achieving huge development. The event is focused on incorporating the Dubai 2040 Urban Master Plan and the developments in the surrounding areas are nothing but a glimpse of the same. The development plan is going to present huge-scale advancements to Dubai’s flourished areas. 
 

In The End 

 
So, what do you think now? Will Dubai’s Real Estate industry be on the boom after EXPO 2020? Simply put, EXPO 2020 has created the necessary spark for investment opportunities in the city. The global-scale event is going to shape the real estate future with more encouragement of foreign investment. Not just real estate, the EXPO 2020 is going to impact the economy in numerous other ways. With wide exposure, the event is capable enough to attract more people to Dubai’s ideal livelihood. 

Dubai, the place with the tallest buildings in the world, is heaven for the real estate market. We, RGESTATE.COM (by Riveria Global), are a fast-growing real estate agency in Dubai. We have been helping people invest in selling and buying properties in Dubai with our real estate investment website since 2008. We offer top-notch homes for sale and rent in Dubai as well as full-service property management. We help customers in locating luxurious, inspirational, and ideal properties.