Expo 2020, the event of the decade which welcomed millions of visitors from countries all around the world, has come to a close. The mega event lasted 180 days and left a lasting impact on the entire nation.

According to a survey conducted by the Dubai Chamber of Commerce and Industry, More than 76% of companies in Dubai said Expo 2020 boosted business growth, while over 73% entered into new partnerships during the six-month-long world’s largest expo.

The Expo also saw massive impact on real estate. It has opened a new focus for investors in areas such as Business Bay, Jumeirah Village Circle, Sports City, Barsha South and areas close to the Expo site. After a record-breaking performance in 2021, particularly in Q4, the property sector is primed and ready to continue its upward trajectory in 2022.

Proactive government initiatives like special investor and resident visas, golden long-term visas, 2040 Urban Master Plan, and reduction of the loan-to-value from the UAE Central Bank, paired with the economic growth around Expo 2020 are indicative of a bright future for real estate.

To find out more about the property market, email us at info@modernliving.ae