Real estate Investors can already feel economic growth materializing a good year ahead Expo 2020 Dubai and this world-class event opening in the city.
news
Any shift in the dynamics of the market entails a change in the strategy used. This city remains to be a haven for Dubai real estate investors. Part of the reason is that the government has been implementing changes in its laws that enable investments to be easily done.
Families settle farther away from the business district to gain access to large properties in Dubai’s suburban areas. This is important information for those who are planning to purchase a residential property in Dubai.
The Dubai Expo 2020 is just around the bend. On 2020, Dubai will welcome the entire world in one of the most future-oriented world expos. Here are some pavilions to look forward to in this important event:
The UAE’s regional financial capital Dubai is now the most affordable market in the world for luxury properties as its average price decreased by 84 percent since its peak five years ago. Real estate analysts forecast a continued decline in Dubai real estate this year due to increased supply and the general softening of the real estate market and a weaker economy.
The estimated budget for the Dubai Expo 2020 in terms of irrigation and landscaping projects is Dh277 million. Dubai’s plan for greenery and water features of the Expo will commence in October 2020.
Developers in the UAE focus more on happiness, sustainability, and affordability, making sure that properties are integrated by elements that result in happiness. An example of this is the Sharjah Sustainable City project.
Political tension in Dubai resulted in a continuing decline in gold prices. Prices of 22 and 24K gold are up. 22K gold is at AED162.25 compared to AED161.25 in the past weeks. 24K, on the other hand, rose at AED172.75 from AED171.50.
Dubai Creek is the cradle of Dubai’s heritage. This was the original lifeline of Dubai before it became what it is today. This was a natural harbor and bustling with activities like fishing, trading, and pearl gathering.
A lot of events are taking place this week in Dubai in terms of business, real estate, and the economy in general. Read the most important updates here…