Expo 2020 will bring a fresh financial boost and prosperity to Dubai and its economy. The Expo would provide an ideal platform for people interested in setting up their business operations in Dubai. It will help them understand what could help them flourish their business in Dubai. In addition, this Expo will attract many foreign investors to strengthen the country's economy.
What is the Dubai World Expo 2020 Exhibition?
Dubai Expo 2020 is a global gathering to celebrate human brilliance and achievement. It is a universal showcase of the best of human imagination, innovation, design, and enterprise.
The Theme of Expo 2020
The theme of Dubai Expo 2020 is 'Connecting Minds, Creating the Future. This theme will be expressed in three sub-themes: Opportunity, Mobility, and Sustainability.
Benefits of Dubai Expo 2020
The Expo has now been confirmed as the most significant event ever in the Arab. This exhibition is being hosted at the Dubai World Central (DWC) site in Jebel Ali, and its closure will be in March 2022. Here are some of the benefits of the Dubai expo 2020.
Festival for Human ingenuity
This festival will gather 190+ countries from around the world to celebrate the interconnectedness of humanity. A place where people will come together to explore new ideas, experiences, products, and services.
Business Opportunities
The event will attract wide-ranging business opportunities, helping companies expand their networks, build relationships and discover new markets.
Creating Legacy of Dubai
Expo 2020 is set to create a lasting legacy for Dubai and its residents. While it will demonstrate how far we've come as a city, it will also provide an opportunity to define what happens next as we move towards the technological world.
Welcoming International Visitors
The event welcomes 25 million visitors, and 70% of them are expected to visit Dubai for the first time. With more than two million square meters of exhibition space, it is set to be the largest World Expo ever and one of the most significant events in history.
Impact of Expo 2020 on Real Estate Dubai
The entire emirate is buzzing with activity. The government and private sector are working to ensure that the event is a success and positively impacts all industries, including tourism and real estate.
The Rise in Property Prices
According to experts, average annual rental values have already risen by 1% over the past six months, indicating an increase in demand as we move closer to coming years.
The Rise in Demand for Properties
Real estate prices in popular areas of Dubai like Dubailand, Business Bay, and Downtown will rise by at least 10% to 15%. This is because when different people visit and see the innovative and luxurious lifestyles that welcome them to new life, they will invest in Dubai real estate, and demand will rise.
High Demand for Hotel Rooms
With the arrival of new visitors, the hotel owners will generate more revenue. Therefore, it is the best time to buy or lease the property. Click this link below.
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An Influx of Investors
Expo 2020 invites wealthy investors worldwide who are ready to invest in real estate in Dubai. The new projects are almost completed, including wonders of the world in the real estate industry. These projects are going to be a game-changer for countries' growth.
Dubai-Monaco Deal
An agreement was signed in January between Dubai Multi-commodities center and the economic board of Monaco to build ties for attracting ultra-rich investors. With the blessings of expo 2020, it became possible also.
UAE-Turkey Agreement
Another agreement was signed in February between UAE and Turkey during the visit of Erdogan. This agreement contains the following sectors that both countries will consider in the coming years.
Defense industry
Health
Climate change
Technology
Trade
Economy
Culture
Agriculture
Youth
Transportation
Disaster management
Meteorology
Communication
Impact Factors of Expo 2020 on Dubai's economy
If real estate flourishes, it affects the economy. The mega event is a catalyst for economic growth in Dubai and the UAE. During Expo 2020 Dubai (October 2021 to March 2022), the economic activity is expected to equal 1.5% of the UAE's total GDP.
Rise in Jobs
Once the investors come, they start their businesses. Their business will create jobs for the youth of Dubai. The event is expected to create 277,000 jobs in Dubai and generate AED22 billion in wages and salaries.
High Revenue Generation
"From 2013 to 2031, Expo 2020 Dubai and its legacy are estimated to add 122.6 billion Emirati dirhams ($33.4 billion) to the UAE's GDP," says the report.
Growth For Retail Sector
It is expected that the retail sector will also grow and shine during this beautiful event. For example, Thousands of foods will be served at the event, proving to be beneficial for the food and beverages sector.
Dubai Real estate Forecast 2022
According to the Dubai real estate forecast for 2022, the Expo 2020 will make Dubai a hot place for tourism, investment, and living. Different projects of innovation and technology will blow the minds of foreigners. This new face of Dubai is welcoming them with open hearts, and this exhibition is the pioneer of this long-time growth of the country's economy. Some wonders are already in the completion phase and are ready to win the world.
Future museums of Dubai
Painting robots
High-tech Homes at Palm Jumeirah
Ultra-luxury lagoon communities
Contemporary style residencies
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