Expo 2020, Mega Projects and Future Of Dubai Real Estate Market
New Upcoming communities are coming as the expo 2020 is approaching near and near. Dubai government has invested big money in order to make this event a massive success. It will make or break for the real estate dubai market. Individual Investors and companies are making their way to the expo in order to showcase their products. Countries are also participating in the event and they have already developed their pavilion. 192 countries are expected to participate in the event. It’s a 438-hectare (1083 acres) lying between Dubai and Abu Dhabi cities near dubai western border.
This is a historical event for not only dubai but for all UAE, as it is a great chance to get the attraction of all the world. Business communities have already shown great interest in the expo and the government is running massive ad campaigns by using celebrities like Messi and others. Real estate companies in dubai are hoping for a victorious performance of expo 2020. According to them, if the government pulls out a great show then real estate sector in dubai will touch the new heights in the upcoming years.
There are also new state of the art projects coming along the way. All the new projects will be completed before expo 2020 and they will be ready to attract investors. Here are some mega projects:
2. Mohammed Bin Rashid city
In November 2012, Sheik Mohammed receptacle Rashid Al Maktoum proclaimed the foundation of another city that progresses toward becoming development, craftsmanship and retail focus. The city incorporates the biggest territory for exhibitions in the Middle East. It likewise incorporates the shopping center of the world which expected to be the greatest shopping center on the planet. The city is additionally viewed as a vacation spot; as it incorporates the greatest pool on the planet and the enormous park that can get around 35 million guests consistently. This city is completely arranged to get Expo 2020; it has around 100 inns, manors, and rich properties, other than different offices to address the issues of the guests.
2. Al Habtoor city
It is a standout amongst the most encouraging tasks in Dubai. Upon fruition, it is required to get around seven million guests consistently. This city will draw in the two visitors and businesspeople in view of its closeness to the Dubai worldwide budgetary focus. It is additionally expected to incorporate private towers and three five-star lodgings, that idea around 1,600 rich rooms; and staggering water-themed theater.
3. Deira Islands improvement
This venture comprises of four man-made islands close to Deira locale. Upon fulfillment, it will incorporate ocean neglecting resorts, private lofts, a shopping center, bistro, eateries, night advertise, and a huge amphitheater that will suit 30,000 guests. They will have the chance to encounter the feeling of unwinding and solace of island living. The islands, too, will give them brilliant perspectives on Dubai and the Arabian Gulf.
5. The Taj Arabia
It is the Arabian form of Taj Mahal of India. It resembles a lodging, comprising of five-star 350 rooms, two and three room private condos furnished with all administrations. The inn will be based on a glass and will offer business workplaces and habitations.
Where to Stay
If you are making a plan to visit expo 2010 then i will advise you to contact good Dubai holiday homes to get good deals on your stay. The event starts on 20 OCT 2020 and will end 21 APR 2021, so tourist has too much to make a visit there. It’s better to stay at your rental apartment rather than as hotels will be super expensive around that time.
Dubai government has big hope for expo 2020 and they invested huge money to make it perfect. Real estate agents are hoping for a great turn over and they think it will supercharge the dubai property market which slows down in 2018 and the first quarter of 2019. Property companies will also take part in the exhibition and you will find hundreds of trusted property management companies of dubai in the event. You can get more updated information about the future of the real estate sector.