District 2020: How soon will it take to be Dubai’s next property hotspot?

In 2021, 38,318 (or more over 50%) of the investors were foreigners, who made 51,544 investments for Dh99 billion.

Dubai real estate is projected to continue its golden run after Expo 2020, as international investors return to the market to take advantage of investment possibilities in the emirate.

The market, which drew a total of 52,415 investors last year, registered 72,207 new agreements for a total of Dh148 billion investment in various emirate projects. It indicates a 100% increase in investment value, while the number of investors and investments increased by 65.6 and 73.7 percent, respectively.

According to Zoom Property Insights, this rising trend will continue throughout the year, even after Expo 2020 closes on March 31,2022.

The emirate is preparing for the International Property Show (IPS) 2022, which will assist attract international investment. Beginning March 24, it will accept investors from Spain, Serbia and Montenegro, Austria, the United States, Ecuador, Canada, and Mexico.

Aside from the return of foreign investors, the transformation of Expo 2020 into District 2020 is predicted to fuel the Dubai property market in 2022. It is intended to be a mixed-use community that will make use of 80% of Expo’s resources.

District 2020 will carry on its legacy as a sustainable and human-centered future metropolis when the Expo closes in a few days. It will have large corporate and retail areas, as well as modern co-living, loft, or urban-style residential units. The transition is scheduled to take place in October 2022.