Since January 2017, Dubai has seen the largest amount of secondary/ready sales in a single month. The market is moving at an extraordinary pace, which is expect to continue in the near future, with prices stabilising before the end of the year.
Expo 2020 has a very favourable impact on Dubai’s real estate market. The sheer number of people attracted by the Expo piqued the interest of businesses and professionals who recognise the value in establishing roots in the city. Captains of industry regard Dubai as the ideal business location for setting up headquarters and entrepreneurs wanting to start up new enterprises, especially now that the Expo site has been turned into a commercial hub following the show.
It’s impossible to establish if Expo had a direct influence on rental costs in nearby neighbourhoods. Because there are so many factors impacting home values, Expo had little influence in the immediate run. When a well-priced, well-maintained home becomes available in Dubai, many renters show increased interest. This is a hint that prices are to rise in the future.
More renters have shown interest in the metro connection, which features stops in neighbourhoods like as Al Furjan and Jumeirah Golf Estates. Tenants expressing their interest in Jumeirah Golf Estates, for example, increased by 30% from Q1 2020 to Q3 2020 following the announcement of the metro lines in July 2020. The same is true in Al Furjan, where the number of renters expressing their interest in the community increased by 47 percent between Q1 2020 and Q1 2021.
Although not on the metro line, the neighbourhoods closest to the Expo site, such as Green Community, Mira, Town Square, Mudon, and Damac Hills, are renting swiftly and renters are exhibiting strong interest in the homes. Green community is a very desirable neighbourhood, and when a home becomes available, it is rented in record time. Expo 2020 has an influence on the appeal of these regions, although it is not the sole cause. These communities provide residences at extremely low costs, are brand new, and are ideal for families.
Dubai offers a wide range of property investment options, from the most affordable to the most costly sites in the world. Luxury Concierge Real Estate is an experienced team with the skills and experience to offer a comprehensive selection of homes to both regional and international clientele. We will do all in our ability to help you find that one property that was custom-built for you. We have you covered whether it’s for an investment, a house, a business, or anything else. Luxury Concierge Real Estate is always available to help you with any real estate-related inquiries in Dubai; please call us at +971 4-441-4387/54-33-66-056 or view our available homes at https://www.lcredubai.com