As the Dubai Expo 2020 nears, it is hard not to notice the huge infrastructural development and various properties underway in preparation for the event. This is evident with the increased cranes and workers. The Expo is going to provide opportunities to invest in the property market in Dubai which will greatly impact the economy. Some of the popular projects waiting to be completed before the expo include the apartments in Downtown Dubai and Emaar Beachfront Apartments.
Why is the Expo such a big deal in Dubai? The Dubai Expo will be like a normal exhibition but involving the entire world and attracting thousands of visitors. Since time immemorial, expo has been used as a pillar for international cooperation and to bring nations together. This expo happens every five years and can last up to six months.
Here are some of the new real estate projects in Dubai influenced by the Dubai Expo
Al Wasl Plaza
The Al Wasl Plaza is one of the prominent features of the Dubai Expo. The word wasl means connection and this plaza will be the central hub of the event. Featuring fountains, waterfalls, parks and more, the plaza will bring all the elements involved with the event together. Once completed, it will have the capacity to accommodate up to ten thousand individuals. After the event, the plaza will remain to be an integral part of the Dubai real estate industry.
This will be the main mode of transportation to and from the Expo site. The Road and Transportation Authority (RTA) strategy for the expo is the expansion of the Dubai Metro and the Al Maktoum International Airport. After the expansion, the expanded metro line will have the ability to facilitate transportation of more than twenty-three thousand travellers in both directions. On the other hand, the Al Maktoum International Airport will the busiest airport in the world surpassing Dubai International Airport (DXB)
The Dubai eye, also known as Ain Dubai is an impressive Ferris wheel which is located on the Bluewaters Islands, off JBR coastline. Standing at the height of 210metres and a diameter of 250 meters, this will be the biggest Ferris wheel in the world. At any given time, the wheel will hold a capacity of 1400 individuals.
Even though the event is expected to be completed in 2021, it will leave a significant impact on Dubai’s real estate industry. In fact, the site of the event will be converted into District 2020 and will be an amazing addition to the city’s infrastructure.