Ready-To-Move-In Properties Experience Demand Surge During Expo 2020 In Dubai? #Dubai - Dubai City Guide
Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Download our Media Kit

Restaurants

Education


 





Home / News / Company News
Company News
   

Ready-To-Move-In Properties Experience Demand Surge During Expo 2020 In Dubai?
(5 October 2021)
An increase in demand for ready-to-move-in properties amidst the Expo 2020


 

The marquee event Expo 2020 Dubai has commenced in all its glory. Visitors have started to pour in from every part of the world, resulting in an apparent increase in demand for ready-to-move-in properties in the emirate. Reports from several property portals in Dubai indicate that ready-to-move-in properties in several communities were pre-booked far ahead of the EXPO inauguration.

As per Georges El Hachem, Commercial Director of Select Group, “the Expo is here to offer visitors a fantastic opportunity to sample the innovative and forward-thinking nature of Dubai. The city is already a must-visit tourist destination and is emerging as one of the most important business hubs in the region. Whether it’s tourists looking for short-term holiday rentals or professionals looking to relocate to take advantage of this truly global destination, the ready-to-move market is drawing huge interest from investors and homeowners alike.”

Since tourists and expo visitors focus on rental properties in the proximity of the Expo-2020 site, investors and end-users are seeking deals within the areas of interest and demand. Emirati residents with long-term, renewable visas are also capitalising on this opportunity.

The comparatively low property prices in Dubai make investing a lucrative option with higher ROI. The market is on the route to recovery, and the pace of recovery is further accelerated by Expo 2020.

According to Mr. Ata Shobeiry, CEO at Zoom Property, “The market was already showing signs of recovery before Expo-2020. However, it picked up pace as the mega event approached, with August 2021 recording double-digit growth in the villa segment.”

Speaking about the long-term impact of Expo on the Dubai property market, a representative from Elysian Real Estate said, “Expo 2020 will certainly bring a lot of focus to Dubai; however, we will see a sustained demand being created over the next two years once people who have visited the City during the event fall in love with it and look to relocate,”

Top Reason for High Demand

While Expo 2020 is touted as the most significant catalyst for the rising demand, many other factors have also influenced the shift in the demand curve. For starters, the emirate's timely implementation of successful strategies to handle the global pandemic played a major role in bringing foreign investors back. It also allowed new investors to enter the market and assisted in creating a stable property outlook.

The latest visa reforms by authorities, including the introduction of renewable, 10-year golden visas, also led to increased activity in the property sector. Other than that, expatriate-friendly policies, such as 100% company ownership, have impacted Dubai's demand for real estate.

Lastly, lower property prices compared to other international cities, such as the major US, Chinese, and UK Capitals, is a major attraction for foreign investors.

As per Mr. Arjumand Niazi, Director of Turn Over Properties, “the main reason of high demand of ready properties during the last two quarters is due to the confidence of investors and end-users in the UAE as a long-term base for residence and business after amendments in personal and business laws to accommodate wider demographic lifestyle preferences.” He also believes that planning to manage COVID-19 and increased requirements for bigger spaces due to the work from home culture also led to the rising demand for ready properties. 

We accept Guest Posts


DubaiCityGuide.com is owned and managed by Cyber Gear



  All fields are mandatory
Your Name
Email
City
Country
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image

     
 
email print
2229
 

Sponsored By : PressReleaseNetwork.com           Sponsored Opportunities

       
       
   
       

Hotels hotels Check out Hotels in Dubai
Shopping shopping A complete Mall & Store Guide
Dining dining Eating out at the coolest spots
Sightseeing sightseeing Things to see & do
DCG Recommends dcg recommends Best of the best in Entertainment
News Alerts
News Alerts
Stay ahead with dubai news
dcg mobile
dcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Dubai Blog
Your space, your voice
sitemap
Sitemap
DCG at a glance