Government initiatives drive demand in UAE property market

Government initiatives drive demand in UAE property market

The hotel sector is expected to recover considerably after a subdued performance in 2019, with various government initiatives and a strong visitor growth associated with Expo 2020 Dubai.. Retail supply is expected to climb to approximately 3.2 million square metres by the end of 2021.. Retail supply is predicted to reach 5 million square metres by the end of 2020, with notable projects including Dubai Hills Estate Mall in Dubai Hills Estate and Al Khail Avenue in Jumeirah Village Triangle.. Commenting on UAE's tourism and hospitality sector, head of research MENA at JLL, Dana Salbak, said: "Around 25 million visitors are expected in Dubai from 192 countries during Expo 2020 Dubai alone..