Arab News, Wednesday, Feb 09, 2022 | Rajab 8, 1443
Dubai property market could see massive gains when Expo 2020 ends
Emirates:
The Dubai property market is set to benefit
when Expo 2020 transitions into a mixed-used community, Zoom Property said.
Called “District 2020,” the new community will
reuse and retain at least 80 percent of the infrastructure used for the World
Expo, which the portal expects will generate high levels of interest from buyers
and investors.
“This move is not only going to impact the real
estate industry but the overall economy, since it will give a boost to the
commercial activities in the areas closer to the Expo site,” Ata Shobeiry, CEO
at Zoom Property, said.
The emirate’s real estate industry has already
seen the impact of expo, the portal said, particularly for short-term rentals in
neighborhoods near the venue.