Today, Wednesday 27th November, 2013 Dubai, UAE was awarded the bid to host the International Expo 2020 Exhibition.
Dubai’s win to host the Expo 2020 is likely to boost Dubai Property prices in the next few years. The “Expo” exhibition is a 6 month long world exhibition that is hosted every 4 years in one world city. In the final round today Dubai competed with Russia, Brazil and Turkey and won the bid. Expo 2020 Dubai is likely to be the best ever visited Expo due to the location within Dubai which is on target to become the world number one airport hub.
This win will provide a further boost to Dubai economy, tourism and the property market. Property prices are already rising and are expected to continue to grow well for the next few years at least.
Our view is that Dubai property prices that have been steadily growing for the past 2 years will jump up quite sharply over the following weeks due to this news.