Dubai’s success in bidding for the World
Expo 2020 did not happen overnight, it
was the result of a great deal of work and
long-term planning. At both the local and
federal level, all indicators used by the
judges to assess rival bids showed Dubai
possessed the economic infrastructure
necessary to hold the event successfully.
Mazaya Monthly Real Estate Report
November 2013
But Dubai has already demonstrated it has
emerged strongly from the financial crisis
– growth has exceeded forecasts across
the board over the last eighteen months.
2
Dubai’s success in bidding
for the World Expo 2020
In particular, Dubai real estate performs
strongly; demand has returned, projects
have been announced and prices are
returning to pre-crisis levels. More than
AED53bn was invested into Dubai real
estate during the first six months of 2013
and prices have risen by as much as
30 percent over the course of the year.
The judges were satisfied that the
measures imposed by the government
following the financial crisis – particularly
in the real estate sector – were sufficient
to prevent the downturn recurring
and that growth would be sustainable
Winning the Expo was good news for all
financial sectors in Dubai – the trickle
down of investment at all levels to
prepare for the event will be felt by all.
