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EXPO 2020 Dubai UAE

EXPO 2020 Dubai UAE

June 2, 2022

Dubbed as one of the world’s event of the year – EXPO 2020 has had the biggest and grandest ceremonial opening graced by multiple artists and people of high regards.

Since the announcement of Expo 2020, there has been an increase of residential and commercial development at the site. New shopping centres, hotels and over 400 restaurants as well as luxury housing and cycling paths, will be completed prior to the highly anticipated event.

The World Expo 2020 is likely to encourage economic and cultural growth in Dubai, it is likely to lead to GDP growth over the 3.5% estimate and strong economic growth. According to the Dubai Chamber of Commerce and Industry, around 42% of ongoing projects in the UAE are in Dubai.

Excitement levels were already high before the gates were opened at 10am at the Sustainability Entry Portal, with visitors lining up after travelling from all over the UAE and around the world to be among the first to see Expo 2020.

The Expo 2020 is expected to usher in a big boom for Dubai as real estate prices have started to climb already and developers are eager to start constructing new apartments and villas.

Moreover, the luxury property market in Dubai has already started recovering, and the affordable property market is set to follow due to the rising demand.

Dubai’s real estate market has continued to recover from the Covid-19 pandemic as markets globally continue to struggle in the face of a second or third wave and rising uncertainty.
Sustainability will be a major theme in this year’s Expo as the world deals with several challenges, including environmental. Hence, sustainable living is likely to gain currency ahead of and post-Expo.

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