Despite being neither the capital nor the largest emirate in the UAE, Dubai is still the trendiest city in the Middle East. Constantly evolving since the end of the 20th century, it is always at the forefront of technology and is highly regarded for its incomparable quality of life! Who has never dreamed of living an endless summer with a warm and sunny climate all year round, in a place where leisure is endless? Because in this city of excess, nothing is impossible!
Dubai stands out from other major cities such as Hong Kong, London or New York thanks to a much more accessible real estate market. Whatever your budget, the properties are all of quality, with residences that are only luxury. Even the mid-range properties offer services that are considered as luxury in Europe: swimming pools, sports halls, concierge service, sports fields or playgrounds... Every investor is a winner!
If you are not yet completely convinced, these last arguments will prove to you that you are making the right choice!
For starters, and given the certain oversupply in Dubai, real estate developers are offering incentives to buyers such as:
Then, if your budget is a concern, be aware that there are new middle-income communities with even lower prices (such as Nshama's Town Square Dubai). Not to mention that a major development is taking place around the square where the Expo 2021 will be held - Al Wasl Plaza and Dubai South in general.
payment of legal fees
lower bank fees
guaranteed rental income
deferred payment terms.
Dubai Creek Waterfront, for example, promises to be a new tourist attraction with a tower that will be higher than the Burj Khalifa (currently the tallest building in the world) and with a view of the sea; or the Expo Golf Villas from Emaar, which is just a few minutes away from the Expo and has real estate that is already available.
As a general rule, we advise you to check the neighborhoods that are likely to be in high demand during and after the Dubai Expo 2021, as real estate prices there are currently very attractive.
Of course, there is some of risk when investing in rather new developments, but the return on investment can be considerable.
To better protect yourself, you can always head for areas where there is already proven demand, such as the Marina, Palm Jumeirah or Downtown Dubai.
According to analysts at the renowned American law firm Jones Day, construction and project spending have already boosted an economic growth of 10% since 2020. Dubai is also expected to see an increase in foreign direct investment of more than $150 billion thanks to the Expo.
A staggering amount that is not surprising when you consider that no less than 25 million visitors – 70% of them from abroad - are expected to attend the Expo.
Therefore, you will be able to benefit from this high attendance to rent out your property before the event, if you so wish, reaping certain benefits thanks to a market that will clearly be revised upwards.
Past experiences have shown that major events contribute to a significant increase in real estate prices. In Shanghai, for example, property values have increased by 46% since the Expo 2010, while in East London, prices increased by 64% between the 2012 and 2017 Olympic Games.
Moreover, the benefits of this kind of event are never just short-lived. Vancouver enjoyed cumulative benefits for nearly 20 years after hosting the Expo in 1986.
Therefore, whatever the impact of the Expo 2021 on real estate, its true importance will undoubtedly be to bring increased visibility to Dubai and thus further improve its business and tourism.
As you can see, this is the perfect time to invest in the real estate market in Dubai.
By buying a property before the Expo 2021 - postponed due to the Covid-19 pandemic - scheduled from October 1, 2021 to April 10, 2022, you will always benefit from super advantageous prices!
Apart from the Olympic Games and the FIFA World Cup (which will be hosted by Qatar in 2022), this is one of the biggest events a city can organize. It will therefore have a huge impact on Dubai as a whole, whether in the hotel, services or housing sector.