On 25th November, 2015, the Bureau International des Expositions (BIE) gives the final nod to Dubai to host the EXPO 2020. With that final approval, Dubai has shifted from the planning stage to delivery stage of the historic event. Dubai will now be able to invite and make formal engagement with overseas participants such as nations, corporations, multinational organizations and non-government organizations.
The mega event is expected to attract 25 million visitors from across 180 countries. Overseas visitors will form approximately 70% of these participants. With increasing overseas population and more tourist arrival, Dubai real estate sector is already experiencing momentum day by day, The mega event will have a considerable impact on the Dubai economy with an increased demand in the construction, hospitality and transportation sector. Specifically commercial, industrial and residential realty prices are expected to touch new heights.
According to Shaikh Ahmad Bin Saeed Al Maktoum, “Now is the time for us to translate our vision into realty” As the site develops, 2016 and 2017 will be characterized primarily by design. 2018 and 2019 will see heavy construction as the buildings take shape and international participants start developing their own spaces within the site.
According to Mr. Dinesh Ramchand, MD of Riveria Global Group , “Heavy demand is expected in realty sector followed by investment from across the globe. In order to cater to the demand, we have an shortlisted the best of investment options with maximum return on investment to the real estate investors.” Dubai will now attract a lot of corporate investments.
We have a range of investment options including residential and commercial buildings and hotels with ready rental income for sale and long lease, open land for residential, commercial, mix use and industrial use, villa complexes, schools for sale and lease.
As Dubai is on the delivery stage for the event, investors should not waste more time and direct their investment to Dubai as soon as possible so that they will not miss out on the golden opportunity. In addition, the final phase of the grand event will extend domestic and international initiatives, like workshops, business meets, and current talks with the young entrepreneurs, domestic SMEs and global leaders.The World Expo will have a constructive impact on Dubai’s economy impacting all sectors. The positive impact will not only benefit the UAE and Dubai but also all participating countries.