Dubai Expo is in full swing, people from across the Globe are visiting the city to participate and visit the World’s most anticipated Exhibition. The off-plan projects near the Dubai Expo site have been getting a large amount of interest in the current days of the Exhibition from potential buyers and investors.
For 2020, Dubai was selected to host the grand exhibition, but due to the Covid-19 pandemic and lock-down, the date was pushed to October 2021. Dubai off plan properties provide the best accessibility to the ongoing event that will run till 31st of March 2022.
Dubai off plan properties market bounced back to the pre covid 2019 era. It is gaining momentum as the Exhibition is now in full swing and the influx of people is increasing with each passing day. In 2021, Dubai off plan market is thriving since the beginning of this year. Developers are now beginning to build new villa/townhouse communities in Dubai’s suburbs, such as Dubai Land and Dubai South, and these are swiftly selling out.
Dubai Hills Estate, Arabian Ranches, Palm Jumeirah, Damac Hills 2 and Mohammed bin Rashid City were the most popular Dubai off plan properties for villa/townhouses. Dubai Marina, like always, is the most in-demand region for apartments, followed by Downtown Dubai, Palm Jumeirah, Business Bay, and Jumeirah Village Circle.
Over 192 countries are participating in the amazing Dubai Expo. The influx of people in Dubai from around the world is causing the rising demand in Dubai off plan properties. Business opportunities are sprawling and expats are looking for suitable Dubai off plan properties near the Expo site for easy mobility.
Dubai South, Meydan City, Mudon and Town Square are currently the most attractive areas among the users where the potential buyers are looking to invest their money. Besides the prime location of aforementioned areas, the main reason for the huge interest of investors in Dubai off plan properties are that they are being developed by trusted and renowned builders and developers such as Emaar, Meydan, Sobha, Dubai Properties and Nshama.
First time in World Expo History, every participating country will have its Pavilion. The pavilions fuse technology, education, culture, and entertainment for keeping the interest of visitors. The majority of the exhibitors and visitors prefer to stay in Dubai off plan properties.
Apart from country pavilions, there are companies, organizations, and special pavilions as well. All the pavilions are scattered through three different districts, reflecting sustainability, opportunity, and mobility. Dubai off plan properties near the expo site are the most suitable for people associated with the mega event.
Projects to Look For
A number of Dubai off plan properties units have already been handed over to the buyers and investors in Dubai South and Meydan. However investors can still find a large portfolio of properties in these districts with a reasonable price tag. Dubai South is currently offering the best options among others in terms of ROI with over 11% rental yields.
Rental Properties Near Dubai Expo Site
In terms of rental properties in the area, Town Square and Mudon are currently the most attractive locations that are gaining popularity among potential tenants. Arabella Townhouses in Mudon and the Hayat Townhouses in Town Square have been attracting the majority of buyers nowadays. Prices of properties have been a bit higher for villas in Mudon and Town Square in the first quarter of 2019. If we look at the average price for a 3 bed villa in Mudon, it is around AED 125,000 while in Town Square, a unit with almost similar specifications is being sold at AED 100,000. As a result of the slight fall in prices, both areas have now emerged as an attractive alternative for people who were previously considering areas which are a bit far away such as Mirdif and Al Warqa’a.
Dubai Off Plan Properties Near Expo Site Average Cost
The studio apartments for sale in Dubai South cost an average of AED 385,000, while 3-bedroom villas are priced at AED 1 million. Prices are a bit higher in Meydan City, a 3 bedroom villa is selling for an average of AED 3.3 million and studio apartments come with an average price tag of AED 450,000. The higher prices in Meydan city are because of its ideal location in close proximity to several premium amenities such as Golf Course, Mall and equestrian center.
The price of Dubai off plan properties in the Expo site vicinity are expected to go up more significantly which makes it the right time to invest in the property there. Dubai is expected to attract more than 20 million visitors in its total run till March 31st 2022.