Business experts who have analyzed the trends of the Emirati real estate sector have testified that the real estate market in Dubai bounds to experience a remarkable increase post expo. They claim that this is because of the inclusion and acceptance of several businesses all over the world seeking to establish a business in the UAE evidenced by the investments of many leading hotels and tourism service providers in Dubai real estate. The increase in demand has also skyrocketed the prices of commercial and residential properties in Dubai.
How did Expo influence the Dubai real estate market?
Dubai Expo 2021 has mapped out several opportunities for the growth of businesses. Following the birth of new firms and business concepts into the Dubai economic ecosystem. The real estate sector, notably the industrial leasing sector and the hotel sector. It predicts to see a significant boost following the Dubai Expo 2021.
The event expects to generate AED 122.6 billion for the UAE while also providing an increase in the employment rate with 49,700 jobs in the year 2021.
In 2019, the real estate department witnessed a remarkable increase. Due to the inventive style of marketing and advertising implemented by the organizers of the expo. It estimates that about 5000 multi-tier transactions were made concerning real estate sales in Dubai.
The upcoming expo will be a celebration of the UAE Vision 2021 which will highlight the success and achievement of important goals set by H.H. Sheik Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai for the UAE. These goals encompass the Emirati heritage, ensuring cultural diversity in the corporate world. And this made it an independent economy in Dubai and the UAE by extension.
District 2020, a contributor to the real estate sector.
District 2020 is a delightful location where history will be made. It is a monumental achievement in the real estate sector. The Dubai government also intends to retain District 2020 and convert it to a business park. Now where your start-ups can seek guidance and establish offices.
To start a real estate business during this exciting time. contact our business consultants in Dubai here and find out how.