District 2020, overseas investors to drive Dubai property market in post-Expo 2020 era

District 2020, overseas investors to drive Dubai property market in post-Expo 2020 era

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● More than 50 per cent of investors in 2021 belonged to foreign countries

● International Property Show 2022 starting from 24th March to attract more foreign investment

● The transition of Expo 2020 into District 2020 after the former’s conclusion is expected to be another factor that will drive the property market this year

Dubai: The Dubai real estate is expected to continue its golden run post-Expo 2020 as foreign investors are returning 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 deals with a combined worth of Dh148 billion investment in various projects of the emirate. It reflects a 100 per cent growth in investment value while the number of investors and investments surged 65.6 per cent and 73.7 per cent, respectively.

Out of the total investors in 2021, 38,318 (more than 50 per cent) were overseas investors, who made 51,544 investments valuing Dh99 billion.

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

The emirate is gearing up for International Property Show (IPS) 2022, which is another event that will help bring foreign