Everybody knows that the real estate industry is the king of most of the economies in the world and Dubai isn’t the exception to this. The vast and wide Dubai property market offers so much to investors. Dubai counts with every type of real estate you can imagine, ranging from off plan projects in Dubai to places like city walk apartments.
And, of course, there’s so much more coming shortly. UAE’s government has worked very hard in launching initiatives and projects whose main objective its to potentiate foreign investment in the real estate market. There are new upcoming policies like new visa rules, businesses and all kinds of measures so the property market gets to its best.
Here are some reasons why Dubai’s real estate industry will be boosted in 2020.
1. THE UAE’S ECONOMY
There will be an exponential growth to the economy in the next five years, due to all the initiatives that the UAE’s government has been working through all these years. High oil prices will also have their weight on the balance too.
There will also be new policies which will help to improve foreign investors confidence in the city and its real estate market. This will also create even more opportunities in so many fields.
2. EXPO 2020
Expo 2020 will be revealing many new investment policies too. It will also focus on things that matter nowadays, such as education, employment, transportation, mobility and so much more, all of these in benefit of the minorities.
Also, Dubai Expo 2020 will be looking forward to exploring the integration between technology and new modern practices so developers can be better at what they do best.
3. TRAVEL AND TOURISM
Dubai is a world-class destination known to everyone who wants and likes to travel. The expo 2020 will attract not only thousands but millions of tourists and expats. As expected, some of them will like to stay in such a wonderful city and give a try to a new lifestyle.
4. ENERGY, TECHNOLOGY AND OTHER ASPECTS
These basic developments that will also be discussed at expo 2020 will probably have an impact on the real estate market, with technology standing out among all of them, of course. Things will probably be taken to a whole new level.
5. WHAT TO EXPECT
It seems that Expo 2020 has made lots of expectations for everyone. All of the ideas presented there will lead to boosts in matters of real estate development as never seen. It will definitely show you that apartments for sale in Dubai are a good investment for either a home or a property to make money from.
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