The Dubai has commenced with all its glory, and visitors have started to pour in from every part of the world. This has resulted in a higher demand for ready properties in the emirate.
Reports from several property portals in Dubai show that ready properties in several communities were reportedly fully or partially booked even before the event started on October 1.
Georges El Hachem, commercial director of Select Group said the Expo is going 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 Dubai’s arrival as a truly global destination, the ready to move market is drawing huge interest from investors and home owners alike,” he said.
While the focus of tourists and expo visitors is on rental properties in the proximity of the Expo-2020 site, investors and end-users are preferring properties for sale in Dubai. Emirati residents with long-term, renewable visas are also capitalising on this opportunity.
The comparatively low property prices in Dubai is providing them with a lucrative option to earn high ROI, as the market is on the route to recovery, and the pace of recovery is further accelerated by Expo 2020.