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What is Dubai Expo? This question is in the mind of many people. There are more questions than answers due to the lack of information and a big stir created by the government. One thing is sure that Dubai Expo will bring lots of benefits to the country and city. It will boost Dubai economy, improve Dubai real estate market, businesses and leisure. As it is expected that more than 25 million people will visit the city (during Dubai Expo 2020) more jobs will be created. In order for all these positive effects take place, Dubai government is improving the economy and infrastructure of the city.

Before jumping into Dubai Expo 2020 let’s take a look at first Expos. How Expo exhibition evolved throughout the years and what does it stands for, now.

History of Expo 

The World Expo is an event when people from different countries used to gather in one place and showcase their products and craftsmanship. The main goal was to share information and culture of their hometown. The first exhibition of this kind took place in Persia, in the XVth century. By the end of the XVIIIth, century exhibitions started taking different shapes. It was organized similar to the bazaar, where products only displayed but not sold.

First World Expo

The World Expo represents the cultural heritage of each nation. It reflects an understanding of industry, science, technology, culture. At the same time, the World Expo showcases the history of people and an evaluation of the civilization they created.

First recognized World Expo took place in London, in 1851. It was called “Great Exhibition of the Works of Industry of all nations”. 10 countries were invited to participate in this event, which attracted more than 6.3 million visitors.

Chicago Expo

Chicago Expo left a significant impact on the World Expo, in general. This Expo was held when the USA was recovering from the Great Depression (the 1930s). The city was celebrating 100^th anniversary since its foundation. Chicago Expo differs among others as this is the first Expo which was given a theme – “Century of progress”. What is more, this Expo started a new trend. Large corporations were allowed to build their pavilions in the Expo Site, a practice welcomed by both entrepreneurs and visitors.

Brussels Expo 

Brussels Expo (1958) took place after World War II. It was a difficult time for people as they were recovering after the consequences of the war. These events reflected in the theme of the Expo which was “A world view – A new humanism”. It symbolizes shift from technology-centered ideas to humanism.

The transition of the World Expo

In the XXI century, comparing to XXth Expo experienced drastic changes. It became more human and nature-oriented. From concentrating on the city’s development and infrastructure, Expo began to pay attention to global issues. Since then, World Expo has been viewed as a bridge, improving relationships and resolving contradictions.

What is Dubai Expo 2020? 

Dubai Expo 2020 is the first Expo which will be held in the Middle East, Africa and South Asia. It is expected to be one of the most important events in exposition history. Upcoming Dubai Expo 2020 will open on October 20^th. It will last for 6 months, till April 10^th, 2021. The theme of Dubai Expo is “Connecting Minds, Creating the Future” with subthemes Sustainability, Mobility, and Opportunity.

The perfect location has been chosen for Dubai Expo 2020. It is located between Dubai and Abu Dhabi, in Dubai South area. Dubai South is close to Al Maktoum International Airport. New Dubai metro route 2020 will be able to take passengers from Dubai Expo 2020 site to any part of the town.

What to expect from Dubai Expo 2020?

As His Highness Sheikh Mohammed promised that Dubai will “astonish the world,” in 2020. And there are no doubts every single visitor will be amazed by this exhibition. Al Wasl Plaza will be the heart of Dubai Expo 2020. Important events such as opening and closing of the exhibition will be held there. The dome will be 65 meters tall and filled with fountains, waterfalls, parks and palm-lined courtyards. It is planned to have 3 different pavilions Sustainability, Mobility, and Opportunity. All pavilions will have its own unique design. Each participating country will have its own pavilion, as well.

Legacy of Dubai Expo 2020

Dubai Expo 2020 is expected to boost Dubai economy and bring it to a totally different level. The government of Dubai explains it as following: “We hope to stimulate the development of a knowledge economy here in Dubai, anchored to the Expo site itself, which will continue, after the event, to be a destination that attracts visitors, students and companies and is home to a combination of organizations including strategic industries, specialized technology companies, social entities and education facilities.” More than 80% of the site is planned to be reused or repurposed in the legacy phase.

Dubai South is a master-planned community which will eventually play a major role in Dubai’s future economy. Dubai South, as it develops, will have various districts including residential, commercial, logistics, aviation, humanitarian, exhibitions, and an international airport. The Dubai Expo 2020 site will be located within Dubai South.

The Government of Dubai projects that by 2030, 35% of Dubai’s GDP will be contributed by Dubai South. In addition, it is being projected by 450,000 jobs will be created in the area over the next 10 years and will be home to 1 million residents. Fundamental demand drivers for Dubai South are trade, aviation, and logistics.

Dubai Expo 2020 is more than just an exhibition. It will build a new city in Dubai South that is planned to stay there and work as a catalyst for many other plans. A conference and exhibition center will be a key building in the Expo master plan and will become a major event venue to be operated by Dubai World Trade Centre.

The organizers of Expo in the XXIst century wish to review the process of how people are using wisdom and technology to reconnect themselves with nature, from which they have been moving away. The Expo is still full of life and will play an important role in promoting world peace and development.

Dubai investment opportunities characterized by its abundance of choices. Whether you want to invest in real estate, eCommerce, advertisement, stock market – Dubai has opportunities for all of your business ideas.

Thanks to its geographical location, modern infrastructure, continuous governmental support of the city and business-friendly environment Dubai build its name as business and investment hub. As it was mentioned, government always supports any type of business growth and initiative by launching new rules and regulations. These new implementations opened up lots of new Dubai investment opportunities for businessmen and investors from all over the world. Recently, Dubai government has implemented 100% foreign ownership, residency visa (for investors), and golden card. With all mentioned above Dubai, investment opportunities have grown more.

Why should you invest in Dubai?

So why should you consider one of the Dubai investment opportunities? Generally speaking, Dubai can be considered as one of the best places to establish your business or to explore different Dubai investment opportunities. Among the main reasons, on why you should invest in Dubai, are:

• No property tax;
• One of the safest cities in the world;
• Growing economy;
• Governmental support of the local and international business;
• RERA, DLD (in relates to Dubai real estate market);
• Expo 2020;
• 5-, 10- years investors visa;
• 100% foreign ownership;
• Gold card permanent residency system;
• One of the fastest-growing cities, in the world;
• Stable currency.

Investment in Dubai will only benefit an investor and bring profit in the near future.

What to consider as Dubai investment opportunity? 

Depending on your budget, the end goal and knowledge, you can choose among different Dubai investment opportunities. The key point here is to know exactly what you want to get as an end result.

Invest in your own business 

With the introduction of a new 100% ownership rule, Dubai became more open and appealing for international businessmen, when it comes to business set up. According to previous rules and regulations, specific areas, in Dubai, can offer ownership, without getting a local partner. Dubai Free Zones are among those areas where an investor can be the only owner of the business.  According to the new rule, a total of 122 economic activities across 13 sectors are eligible for up to 100% foreign ownership such as renewable energy, space, agriculture, and manufacturing industry. The decision provides investors with an opportunity to acquire various shares in a number of economic activities including the production of solar panels, power transformers, green technology, and hybrid power plants. Setting up a new business in Dubai opens up new opportunities for international businessmen.

Start property management company

Taking into consideration the number of real estate projects, increasing population of the city, and its growth, it is wise to consider opening property management company. Many Dubai real estate investors are international investors They invest in Dubai real estate from an investor’s point of view, not as an end-user. That creates demand for property management companies as real estate units have to be rented out and properly managed on behalf of the owner. Now, when people are investing actively in Dubai real estate market, is the time to establish a property management company. Consider it as one of the Dubai investment opportunities.

Dubai real estate as one of Dubai investment opportunities 

One of the most profitable sectors to be considered as one of the Dubai investment opportunities in real estate. Even though Dubai real estate market is not in its best condition, at the moment, NOW is the time to invest. Prices on Dubai real estate dropped down giving more opportunities for local and international investors to benefit from it. It became easier to own an apartment, rather than rent it. With new payment plans and offers from developers, investment in Dubai real estate became more affordable and profitable, in a long run. Some areas offer 7%-10% ROI to its investors. Choose Dubai real estate as one of your investment opportunities and you won’t regret this decision. Real estate is one of the safest and most profitable investments. Take into consideration the latest governmental implementations, stable economy and city growth, which provides additional security to your investments.

Considering real estate investment, what locations should you take a look at?

Invest in Business Bay 

Business Bay can be considered as one of the main Dubai investment opportunities. It is the business hub of Dubai. Due to the huge concentration of different companies, agencies it can rightfully claim to be Manhattan of the emirate. This area will always be in demand, whether it is rent or purchase as a result of its location and high consolidation of people.

Invest in Motor City 

Motor City is quite popular among expats. Due to the high concentration of more affordable apartments, this area started developing rapidly. If you are looking for a place away from Dubai busy streets, consider investing in Motor City.

Invest in Jumeirah Village Circle (JVC) 

Jumeirah Village Circle (JVC) has a good location when it comes to nearby areas and easy accessibility. It is also a short drive from the Expo 2020 pavilion and Dubai’s major business attractions. In the first 3 quarters of 2015, it was ranked the 2^nd highest for move-in rates in Dubai. It is just 20-minutes away from the Al Maktoum International Airport. Another advantage is that rent will grow in the coming 24-36 months as the market improves. In terms of yield, properties offer between 15%–20% more space comparing to The Springs, and around 15%–20% cheaper to purchase.

Marina, as another Dubai investment opportunity 

Up until now, Dubai Marina is one of the most popular areas when it comes to investment in apartments because it is located near business offices in Dubai Media City and Dubai Internet City. It serves as an attraction to many businesspeople, who prefer to be near their workplace and in a prestigious neighborhood that provides plentiful community amenities and the famous Dubai Marina Walk.

Dubai investment opportunity – Al Barsha Heights (TECOM) 

Al Barsha Heights situates close to Media City with multinational and Fortune 500 companies, which include BBC World, Microsoft, HP, CNN, Reuters, CNBC, Vodafone and more. It has numerous residential buildings suitable for anyone seeking to invest in Dubai. It is a top choice for visitors, because it is set in the heart of ‘New Dubai’ and considered a business hub. The perfect location makes it easily accessible from any other area in Dubai. Constant development gives endless opportunities for investment.

Dubai has a wide range of investment opportunities, especially when it comes to the real estate market and related services. Recently implemented rules and regulations are support Dubai real estate investors and encourage them to consider Dubai as an investment opportunity. If you want to know more on how you can invest your money with a high return on investments – contact Universal Prime Real Estate for more details, at 04 425 3935.

Investment in Dubai property market can be considered as one of the most profitable investments, in UAE. But what exactly makes it so special and worth considering? Investment in Dubai property market became more attractive due to the decline in property price.

Market Cycle 

Among one of the reasons is that Dubai property market is going through a 7-year cycle. Like every market, Dubai property market has to go through booming, recession and slump phases. It was booming few years back. Now is the time for the slump. This business cycle is typical for every industry which brings lots of improvements, as a result.

Oversupply 

The second reason for Dubai property market to decline is property oversupply. Due to the upcoming Expo 2020, Dubai developers started launching numerous real estate projects. It led to Dubai property price to drop for both off-plan and secondary markets. In order to stabilize the situation and slow down price decline, numerous measurements took place from the developer’s and government’s sides. Developers slowed down development in order not to oversupply the market and keep prices relatively stable. Government, from their side, implemented rules and regulations which benefit Dubai property market investors such as 5-, 10-years residency visa and 100% foreign ownership. All these changes worked positively for Dubai property market. It led to slowing down price decline and attracting more investors to the city.

Dubai real estate market trends 

For a very long period of time, Dubai was popular for its luxury apartments and villas, attracting thousands of investors from all over the world. Nevertheless, starting from 2016 Dubai property market’s trends have shifted. Due to constant population growth, mainly through labor flows, the citizenry of Dubai increases each year. Majority of these people are middle-class workers whose main objective is to earn money. The vast majority of them are single, couples or young families. A new strategy towards affordable housing was implemented, in order to keep people in the country and to ease their life.

Dubai property market strategy 

Dubai property market is shifting towards the mid-market segment and smaller units. This is where the real demand is picking up. Developers started focusing more on smaller and affordable units, specifically to satisfy the needs of a middle class. Three-bedroom apartments and villas were substituted by more affordable studios and 1-, 2-bedroom apartments. Proportionately, it led to an increase in ROI. While investing in a smaller apartment investor will get higher ROI, comparing to investment in bigger apartments or villas. This factor is the key when it comes to investment in Dubai property market.

Which property to choose to invest in? 

If you are an investor and interested in getting high ROI, you should consider investing in smaller units. Investments in a studio or 1-bedroom apartment can bring up to 10% – 12% ROI, depending on the location. These are the type of units in demand. Taking into consideration the upcoming Expo 2020 (with more than 30 million visitors) Dubai developers will continue implementing this strategy and focus on more affordable housing.

Choose your location 

According to numerous market studies, when it comes to investments, Dubai property market experts highlight 3 main areas:

• Discovery Gardens;
• Jumeirah Lake Towers and Dubai Marina;
• Jumeirah Village Circle.

Discovery Gardens 

One of the main advantages is that Discovery Gardens consists of multi-sized apartments. It is possible to get a studio in Discovery Gardens and pay all needed bills for less than USD 100,000. Gross rent of 11%-12% can be achieved with a net rent of 8%. Apartments in such locations will attract expat workers. By trying to save they move as far as possible from Dubai downtown. Apartments will surely be in demand, in Discovery Gardens.

Jumeirah Lake Towers and Dubai Marina 

Property prices in Dubai Marina and JLT differ between developers. There is also a great difference in the quality of units. You can find larger apartments but with poor quality and smaller apartment (for the same price) with better finishing. The first step is to find the right building rather than a developer. Some developers and buildings vary in quality and price point. The key here is to go for quality over quantity. Less square footage but to a higher spec may be a better proposition than the reverse.

Jumeirah Village Circle 

JVC is a perfect location when larger investments are considered, such as a 3-bedroom apartment. The main reason is that multiple demand points can be covered. People in larger villas or townhouses who want to downsize due to budget constraints will get attracted to this area. Also, people in larger units downsizing as they want to save, and people in smaller units with a growing family. Another advantage is that rent (in this area) will grow in the coming 24-36 months as the market improves. In terms of yield, on average properties in the JVC development offers between 15%–20% more space than those in The Springs and around 15%–20% cheaper to purchase.

Even those looking for a larger living space in Dubai still seek out value for money. This hunt for cheaper living in the heart of the city will drive more and more renters to developments like JVC, Dubai Marina and Discovery Gardens increasing demand and keeping rental yields healthy.

If you are looking for a great investment opportunity, would like to get high ROI – contact one of our property advisors. Universal Prime Real Estate team of experts will have answers to all of your questions.