Real Estate in Dubai-Expo 2021
Business experts who have analysed the trends of the Emirati real estate sector have testified that the real estate market in Dubai is bound 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. The expo aims to serve as a ground for innovators and aspiring entrepreneurs to develop their business in the Arab market. The real estate sector particularly the industrial leasing sector and the hospitality sector are expected to experience a remarkable increase following the Dubai Expo 2021 following the inception of new companies and business ideas into the Dubai economic ecosystem.
The event is expected 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 organisers of the expo. It is estimated 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 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 where start-ups can seek guidance and establish offices.
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