Expo 2020 Dubai: These areas will see rents rise
Representational image- Reuters
Residential property rents in some locations could go up by around 10-15 per cent.
Residential property rents in prime and waterfront locations in Dubai could go up by around 10-15 per cent during the upcoming Expo 2020 as millions of people from abroad and within the UAE will throng Dubai for the six-month period.
Analysts and executives from the real estate industry suggest that prime areas with limited supply such as Downtown, City Walk and Bluewaters Island will see an increase in rentals. This is because these places will also witness several entertainment activities during Expo that have never been seen before. In addition, areas surrounding the Expo site such as Dubai South, Dubai Investment Park and Jumeirah Golf Estate etc. could also see a rise in rentals due to higher occupancy levels for the mega event.