Post-Expo effect on Dubai realty will be greater:
With a little more than a year left until Expo 2020 Dubai, industry experts at the Dubai Property Festival say they are now finding a spate of high demand for Dubai’s real estate sector.
Expo 2020 is expected to attract 25 million visitors, of which 70 per cent will be from outside the UAE. In an interview with Property Weekly, Robert Booth, managing director of Ellington Properties, says, “I am personally very excited about Expo 2020. I had the benefit of growing up in Vancouver that hosted the 1986 Expo, and once people saw the city, they kept coming back and buying property. So I think the great thing about the Expo here is that it will have a huge long-term impact. In fact the post-Expo impact will be greater.”
According to Booth, developers have the mandate to support the government in ensuring there is enough units to service Expo 2020 Dubai and the new stream of population that will come as a result.
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