There may never be a “right time” to buy property, but with the World Expo 2020 approaching, opportunistic investors have turned their attention to Dubai’s profitable real estate sector. But where should they start looking?
Over the last decade, Dubai has continuously expanded southwards towards Abu Dhabi, along the Shaikh Zayed Road as well as eastwards to Mohammad Bin Zayed and Emirates Road. The next phase of development clearly intends to stretch the city further southwards and eastwards, specifically towards the Expo site and the region between Shaikh Zayed Road and Emirates Road.
Now property owners can make significant sums with just a small investment if they choose the right location. For example, the first two communities in Dubai South’s Dh25-billion residential district started selling in September and prices were as low as Dh280,000 for studio units and Dh480,000 for one-bedroom apartments, leading to a sell-out of the first phase.