What will 2020 bring for Dubai’s property market? – ZAWYA

What will 2020 bring for Dubai’s property market? – ZAWYA

The "Greatest Show on Earth" will take centre-stage in Dubai this autumn, and Lomax says that it will have a huge impact on the real estate sector.. "I believe 2020 will have an incredible impact on both the economy and the property market; it is going to take anywhere from two years for us to truly see the effects of it," Lomax said.. "I do believe that of the visitors coming for Expo, there is going to be a significant number who will love what this incredible city has to offer, how much value is on offer and will choose to take residency .. According to Lomax, Expo 2020 could also have an impact on off-plan housing. ". What the market needs right now is an influx of end-users to soak up the new supply coming into the market.". Apart from Expo 2020, Lomax said a key trend in 2020 will be affordable housing. ". Asteco Property Management is one of the local real estate agencies that predict rents to further reduce in 2020.. Expanding and more relaxed payment purchasing plans means 2020 will draw more interest from those wanting to buy instead of rent and from those looking