How Dubai’s Real Estate Market is fueled by Expo 2020

expo 2020 - smartcrowd

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Not only is the fall season here, but the long-awaited Expo 2020 is finally taking place on Oct 1st 2021, in the city of opportunities, Dubai. The theme behind this year’s expo is “Connecting Minds, Creating the Future”, which promotes innovation, technology, and sustainability around the world. Expo 2020 will be the largest world expo ever and the first of its kind happening in the MENA region, lasting for 173 days and hosting 190 countries. This mega event will be attracting millions of visitors around the world, which is expected to significantly grow the UAE’s economy, especially the real estate sector. The best way to make a smart real estate investment is to time the market, and analysts like Morgan Stanley and HSBC say there’s no better time to invest in Dubai real estate. 

Dubai’s property market was already gradually recovering post-pandemic as shown in our inaugural H1 report. Thanks to favorable UAE government initiatives, a successful vaccination drive, new visa-terms, and normalized relations with Israel and Qatar, investor confidence grew significantly and international travel to Dubai sky-rocketed – which directly boosted Dubai’s real estate sector. 

Apart from the glamorous lifestyle and safety, here’s why individuals are considering investing in Dubai’s real estate: 

  1. Incredible ROI: Dubai properties are offering yields ranging between 7-8%, relatively higher than the world average.
  2. 100% Ownership: By allowing entrepreneurs to be sole owners of their businesses, more businessmen are finding the 100% business ownership structure appealing, which will accelerate growth in the region. 
  3. Zero Income Tax: one of the best perks for living in the UAE is having no tax imposed on your income. Expats can benefit from this opportunity to build their wealth without having to worry about any tax regulations. 
  4. Highly Regulated Market: The UAE government is always keen on ensuring the stability of the market and creating fruitful environments for new businesses. 

Furthermore, with the Expo 2020 launching from the UAE and investors flocking to the region, it is expected to have a long-lasting positive impact on Dubai’s real estate market. This leads us to witnessing a higher demand in the residential market – ensuring a higher occupancy rate – and record-breaking rent prices not seen in almost a decade – generating favorable returns. With the Expo 2020 site being placed at the center of Dubai’s long-term development, the surrounding areas look to benefit most from the event in both the short and long term.

expo 2020 - smartcrowd
Source: Bayut

Popular Residential Areas Near Expo 2020 Site

Dubai South: is designed to be a self-contained city and labelled as “The Centre of Tomorrow”. It will be hosting the World Expo 2020 event and is also home to the world’s largest airport, Al Maktoum International Airport. Apart from featuring an exceptional residential community, it also serves as a great location for holiday homes, given its extremely close proximity to the Expo 2020 site. It’s basically a city within a city, providing world-class amenities at affordable rates. Mag 5 properties recently collaborated with SmartCrowd to provide smart real estate investments at affordable rates and more importantly, to a wider range of people.

Dubai Production City (IMPZ): If you are looking for an affordable hub near the Expo 2020 site, then this is the area for you. It features a variety of budget friendly apartments, and even better, comes along with a prominent shopping destination, the Me’aisem City Centre. 

Dubai Investment Park (DIP): is another affordable area, comprising both residential and commercial spaces. It is one of the closest communities to the Expo 2020 site, featuring family-friendly amenities, shopping centers, and landscaped areas. 

Mudon: is a hot-spot when it comes to villa properties close to the Expo site. The community is just 20 minutes away by car from the site. Apart from getting access to shopping centers, supermarkets, landscaped parks, and health clubs, it is also known as an affordable area for villas that are near the exhibition. On the other hand, it is worth considering the limited supply of villas in the community, which makes it even more promising from an investment perspective.

Al Furjan: is a great villa area for people with a larger budget looking for residential spaces near the Expo 2020 site. It is a lively community reflecting Dubai’s vibrant culture which makes it a sought-after location and definitely reflects a smart real estate investment for avid investors. Apart from being in close proximity to popular places such as Ibn Battuta Mall and Discovery Gardens, Al Furjan is only 15 min away from the Expo venue. 

Takeaways

With the Expo 2020 launching now in the UAE, there is no doubt the whole economy will witness impressive growth for a prolonged period. That being said, the earlier you hop on the property investment ladder, the better. As explained earlier, there are several promising areas surrounding the Expo site where individuals can settle or invest. Moreover, with digital crowdfunding property investment platforms, like SmartCrowd, enabling individuals to own property shares in ready properties for as low as AED 500 ONLY, investing in Dubai’s real estate has never been easier! So, what are you waiting for? It’s time you make some smart real estate investments! Head over to the platform and register to view unique opportunities within areas close to the Expo 2020 site.

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