Expo 2020 Dubai- an event that is going to offer a plethora of growth potential to the city
We have all heard about the Expo 2020! If you haven’t yet, high chance is that you will, soon!
The World Expo for the year 2020 has been announced to be held in Dubai, and just as the announcements coming up, it has already triggered exceptional sensations among the locals and business experts from round the globe. One of the most glorious and significant global events in the recent times, the World Expo with its mission statement of connecting hearts and exploring potentials, has a legacy to offer a significant impetus in the key business areas at the venue wherein the event gets host, the Expo 2020 in Dubai is likely to provide the right stage to the real estate segment, one of the main business domains in the city. Let’s explore the potentials that are likely to come up and how it is going to benefit the real estate sector of the city.
Dubai Expo 2020- canvassing a picture of the upcoming show
In the recent past, Dubai has established itself as one of the major hubs for international trade and commerce, with big businesses having their operating offices in and around the city. The strategic location of the city, its solid economy, trade-friendly government policies, and other demographic and business factors has enabled the city to secure a prominent position in the global map of trade and business. As such, the selection of Dubai as the venue to stage the World Expo for the year 2020 has been a perfect and obvious choice. It is for sure that the city will offer the right support and patronage to the event, crowning it with success, as in the previous years.
Now, the question that comes up is that, if the Dubai Expo will offer some further growth impetus to the city, its economy, trade, and Commerece? Experts have already started brainstorming on the aspect of growth due to Expo. Well, if you consider and compare the standing of the cities that have already staged this event, there are every reason to expect a positive answer to the question of will expo lead to growth in Dubai. With top level business leaders, corporate executives, political personalities, and investors from round the world expected to visit the event, it is for sure that the event is going to bring a significant benefit to the city, its people, and the social and economic stands. After all, it has been the legacy of the event to offer such potential for the city, hosting the Expo.
Another question that comes up along with the topic, will expo create demand, is that what are the business sectors in the city, that are going to get the maximum impetus for further growth. Well, even if there will be some extent of the potential for all the major business sectors in the city, it is needless to say, the real estate industry, being one of the major business domains for Dubai, is going to get the maximum growth potential. This is obvious, as this is the key strategic business sector at the city, and it has been a history that the event itself to fetch a gigantic volume of investments for the infrastructure sector of the cities, that has already hosted the event in the past. Going along that line, there is every reason to expect that the real estate sector in Dubai is likely to get a significant potential for growth, once the ball starts rolling forward.
Why the real estate sector in Dubai can expect some significant growth impetus during the Expo?
Dubai has been already a key destination for investment buying, with the availability of global standard properties within reasonable budgets, and the investor-friendly policies and regulations in this regard. Over the years, investment buyers, investing the Dubai properties are earning satisfactory yields, both in the forms of capital and revenue gains. It is likely that the foreign visitors, visiting the city during the Expo will turn their attention to this potential sector in the city, and they are likely to invest in Dubai properties. It has been a legacy of the event that it has offered impetus to the development of the real estate sector in the cities that have already staged this event, and this, combining with the present state of boom in the Dubai property sector, is going to flourish further, during the course of the Expo.
A major part of the guests to the city, visiting the city for the Expo will be the host of international investment buyers and their attention would be on the investment properties. Likewise, the premium grade lifestyle at the city, and the availability of global amenities, services, and facilities, will also convince the individual investors to invest in the properties in the cities as well. It is also anticipated that a large part of the guests are going to stay back in the city, either on a permanent or temporary basis, and these flocks would look for their properties as well. In addition, there will be demand for properties among those buyers, who are looking for holiday properties, out of their hometowns. Dubai properties hold every character and features to attract and impress these investors to invest in the properties in the city ,and if truth be told, real estate companies in the city, anticipating this forthcoming boom, have already started working on new projects that features constructional and architectural excellence as well as speaks of creativity and mastery in craftsmanship on very high notes.
Will prices go up after expo? If this is the question you hold, the answer is, the upcoming boom will surely bring a rise in the average price level of the properties in Dubai. This is obvious, if the economic theory of Demand-supply is to be complied with. Wondering, when to buy for Expo? Well, you should do it right now, before the prices for Dubai properties rises, and the best properties get bagged by other investors. Invest in Dubai Real estate today to ensure that your investments grow at a whopping pace, producing the sweetest values, in return for your money, within the shortest time.