Dubai Expo 2020 win vital for growth, says CBRE - ArabianBusiness.com:
"A decision on whether Dubai will be chosen to host the 2020 World Expo will act as "a major catalyst" for future growth in the emirate, real estate consultants CBRE has said in a new report.
It said Dubai's real estate sector is expected to maintain positive momentum over the remainder of the year as a strong economic outlook and ongoing regional issues fuel agreeable growth conditions.
While a Expo 2020 win would be a big boost, the report added that failure to host the event would like cause a "short term dip" in sentiment levels, with significant hope value having already been placed on the outcome of the decision.
"A successful bid would of course be a great accolade for the emirate, opening a new window to the world to promote Dubai’s status as a global city, and one with world-class infrastructure. Importantly, it would also help to drive demand in the emirate's property sector, helping to reach new and untapped markets and ultimately increasing Dubai’s global reach," CBRE said."
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