Residential rents in Dubai's upscale and coastal areas could rise by around 10-15% during the upcoming Expo 2020 as millions of people both from overseas and the UAE will overwhelm Dubai for half a year.
Dubai real estate analysts and executives expect affluent neighborhood supply areas such as Downtown Dubai, City Walk and Bluewaters Island to see rents rise. This is due to the fact that during the exhibition there will also be several entertainment events that no one has seen before. In addition, in areas adjacent to the exhibition area such as Dubai South, Dubai Investment Park, Jumeirah Golf Club, etc., there may also be an increase in rents due to higher occupancy rate for a mega event.
Dubai-Expo 2020 will bring millions of visitors to Dubai from October 2021 to April 2022.
