District 2020, foreign investors to drive Dubai real estate into post-Expo era

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Dubai’s long-term visa options for foreign investors and world-class facilities are some of the main reasons attracting foreign investors.

Inayat-ur-Rahman, Enterprise Editor

Dubai property is set to continue its golden run after Expo 2020 as foreign investors return to the market to capitalize on investment opportunities in the emirate.

The market, which attracted a total of 52,415 investors last year, recorded 72,207 new transactions with a combined value of 148 billion dirhams of investment in various projects in the emirate. This reflects a 100% growth in the value of investments, while the number of investors and investments jumped 65.6% and 73.7%, respectively.

Of the total investors in 2021, 38,318 (more than 50%) were foreign investors, who made 51,544 investments worth 99 billion Dhs.

According to Zoom Property Insights, this upward momentum will continue throughout the year, even after Expo 2020 drops its curtains on March 31.

The emirate is gearing up for the International Property Show (IPS) 2022, which is another event that will help attract foreign investment. From March 24, it will welcome investors from Spain, Serbia and Montenegro, Austria, the United States, Ecuador, Canada and Mexico.

Ata Shobeiry, CEO of Zoom Property, cites infrastructure, facilities and visa reforms as the main reasons supporting the return of investors to the Dubai property market.

“Dubai’s excellent infrastructure, long-term visa options for foreign investors and world-class facilities are some of the main reasons attracting foreign investors. Expo 2020 has also played its part, but according to the latest trends, I think there will be increased activity in the market resulting from the return of foreign investors after the Expo ends,” he said. .

Apart from the return of foreign investors, the transition from Expo 2020 to District 2020 is also expected to boost Dubai’s property market in 2022. It is expected to be a mixed-use community, which will use 80% Expo resources.

As Expo draws to a close in days, District 2020 will continue its legacy as a sustainable, human-centered future city. It will include expansive retail and commercial spaces as well as modern loft or urban style residential units. Delivery is expected to take place in October 2022.

“Sustainability, economic prosperity, market diversity and high returns are some of the main reasons that keep Dubai property investors coming back,” Shobeiry said.

Zoom Property is an emerging property portal in the UAE with a primary focus on the Dubai, Abu Dhabi and Sharjah markets. The portal also offers international properties in Saudi Arabia, UK and other regions on the platform to facilitate buyers and renters. It is also popular among developers, real estate brokers and property sellers.

Meanwhile, top companies from some of the world’s leading investing countries have confirmed their participation in a specialized ‘Global Real Estate Professional’ programme, which is co-hosted simultaneously by this year’s edition of the International Property Show. (IPS 2022), the ultimate sales platform for the local and international property markets, from March 24-26, 2022, at the Dubai International Convention & Exhibition Centre.

The exclusive 10-day program will offer a diverse set of activities for delegates attending IPS 2022.

IPS 2022 has partnered with Invest in Dubai Real Estate for this bespoke program, which brings together some of the world’s best real estate agents and property professionals to meet investors and government officials from over 170 countries. Investors from Scotland, India, Mongolia, UK and Malaysia have confirmed their participation among other countries. These include Hazem Fayyad, Founder and CEO, Transfromology XR; Sedarth Mall, Realtor, Bhumika Realty; John Hanna, Managing Director, GDP Global Partner and Country Leader; Mohit Bhasin, Director of Global Affairs and Development, KPMG, among other key investors from around the world.

Additionally, program participants can take advantage of the many benefits offered, including membership in the Property Network Partnership (PNP). There will also be a series of B2B meetings for the delegation and opportunities to sign memorandums of understanding with global organizations and also participate in numerous global press conferences.

Nuno Duarte Silva, Director of International Department, Remax Grupo Vantagem, said: “We have long been supporters and participants of IPS. Participating in IPS gives us the opportunity to promote and showcase our amazing country, Portugal, and its investor programs that offer second citizenship. This is also a key time for us to spotlight our clients’ properties – showcasing a wide range of investment opportunities, luxury properties, palaces, apartments, villas, land, entire buildings , hotels and commercial areas, to a wider market. We are delighted to be at this year’s show, which is one of the largest real estate shows in the Middle East,”

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