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Posted by webadmin on May 10, 2021

Many people guessed that real estate prices will increase after Dubai won its proposal to host the famous event for business Expo 2020, partially it is correct. The market was instantly swamped with affirmative feelings when Dubai was proclaimed as the winner in 2013, and that amplified the real estate prices for both rentals and residential sales, also a lot of new large-scale real estate projects were announced. In 2014, property market in Dubai spiked soon after that.
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Expo 2020 will take place from October 2021 to April 2022 and it is expected it will draw 27 million visitors and generate 250,000 new jobs. Soon after the arrangements for Expo 2020 started several new options have opened in real estate sector.

First, focus on providing reasonably priced housing to the new workers who are from the low-to-middle income stream. At the site of Expo 2020 (Dubai South) new reasonable priced neighborhoods have appeared, and the popularity of existing reasonably priced neighborhoods such as Jumeirah Village Circle and Dubai Silicon Oasis have increased.

Second, is the development of the Dubai Metro. The new lines will provide easy access neighborhoods (such as Dubai Investment Park) and boost connectivity now that it has been completed.

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