Dubai Financial Centre

Dubai Property News – Dubai Wins Expo 2020 Bid

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.

 

2 thoughts on “Dubai Property News – Dubai Wins Expo 2020 Bid”

  1. This is crazy. Before this I had never heard of this EXPO thing. Now it is all over Dubai. Property prices are shooting up and I do not even understand why it should affect property prices. This is just another reason for property agents to push prices up!

  2. I agree. But the reality is that prices are going to shoot up maybe 20% just because of this win. The prices have already gone up today!

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