The Expo 2020 and Its Effect on the Dubai Real Estate Market

Real Estate Dubai Companies Have Recorded a Sales Increase Ahead of the Upcoming Expo 2020.Things are looking promising for the Dubai property market amid the coronavirus pandemic. Many things have changed in the recent past. But it’s the policy changes by the government that triggered property investors' interest in the property market.Attractive payment plans, long-term residence permits and easy repayments plans by banks and other lenders are among the shifts that set this mood. Furthermore, demand for Dubai properties skyrocketed when the kingdom announced that it will host the Expo 2020.And even though the event, which is estimated to attract over 25 million people, was postponed to 2021, due to Covid-19, Dubai property developers and real estate brokers alike are gearing up towards the event as they hope to see more sales.More companies continue to deliver ready-to-move-in properties, with some recording 100% sale out. Keep in mind, the actual report card of the industry is the number of delivered projects.Far from that, Q4 2019 saw approximately 5000 property transactions, which was by far the highest since 2008. Even in the middle of the pandemic, sales are predicted to increase this year and beyond.