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Dubai has always been a gateway to new business opportunities. No wonder businessmen and entrepreneurs from across the world are always keen on the Dubai property market, one of the most flourishing sectors today. The stellar performance of the Dubai real estate market in 2021 has caught the attention of property investors from different corners of the world. 

Dubai recorded a substantial 17% residential capital growth in 2021. One of the most important contributions towards this outstanding performance has been the Expo 2020. Since the properties around this global fair site have been performing exceptionally well, we can say that Expo 2020 has actually helped shape up the Dubai property market.

The Expo 2020 is a world expo set to bring out hope, optimism, and a brighter future for everyone.

Here are some key factors of how expo 2020 has shaped the Dubai property market and will continue to.

• Powerful initiatives

The Expo 2020 is a global event, and it started in October 2020. Also, the government has planned several initiatives. Some of these initiatives, like the golden visa, easy business set-up facilities, etc., have been significant game-changers in the Dubai property market. 

For instance, the introduction of a golden visa draws the attention of students and entrepreneurs from around the world. These are long-term residence visas that allow foreigners to live, work and study in the UAE, which again is a win-win situation for both real estate and the investors. 

• Visitors are the key holders

About 100 countries will be participating in the Expo 2020, but there’s no limit to the visitors. Everyone is drawn to this event, from first-world countries to small developing nations looking for better opportunities. Out of the projected 25 million visitors over 6 months, around 70% would be outsiders visiting Dubai for the first time. It’s all about the first impression since they will witness the potential of growth, security, the value of residential properties, and so on.

• Stable property prices

Another major factor is that property prices in both Dubai and Abu Dhabi seem to stabilise like never before. Many property sectors claim to have seen a vast surge in prices within the last 10 years, but prices have now started stabilising. All credit goes to Expo 2020, leading to the rise in demand for short-term rental units and luxury stays for the VIPs.

• Positive showcasing

Many business experts and advisors also emphasise Expo 2020’s positive image on the Dubai property market and other sectors.  Since the event is ready to host many people, the Expo is gaining the attention of people worldwide. This will introduce them to an upscale lifestyle, a safe environment, and the potential to make better earnings. Further, the government’s excellent performance on pandemic control had a positive impact, and people are now interested in buying properties in Dubai.

• An uptrend

Along with improving the current market, Expo 2020 will continue to be an upward trend even after it is over. Although the government postponed the event from 2020 to this year, the city has been receiving many leads since the Expo began. Also, if this event becomes a successful one, there’s no doubt the city will be flooded with new investors and opportunities in the future. 

If you are planning to explore and buy properties in Dubai, Signature Habitat can be the right choice. We provide you with the latest and the best property prices from both buying and selling ends. Our areas of specialisation include luxury real estates, such as luxury villas, apartments, townhouses, and much more! We also have off-plan assistance, which lets you know about the upcoming projects in Dubai to avail of bookings at the lowest prices.