They emphasized that Al-Madina integrates modern technology into the construction and building process
Realtors: "Expo Dubai" increases demand for "real estate of the future"
Dubai has proven its worth in facing the pandemic and has succeeded in organizing a global event.
Photography: Najeeb Mohamed
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Realtors reported that the "Expo Dubai" area needs a type of real estate that serves the region's objectives.
They assured "Emirates Today" that the nature of the real estate that will be in the region is of the type of real estate that looks forward and integrates modern technology in the construction and building process.
They expected that the demand for smart buildings would increase dramatically, as the real estate was no longer in their view deaf walls, but rather became modern homes (their residents spoke, welcomed and served them).
quality area
The real estate consultant, Ahmed Al-Dawla, said that "the (Expo Dubai) zone will be a qualitative logistical zone, serving virtual reality, increasing investment opportunities for companies in the fields of electronics, and being the development zone in the future."
The country expects Expo Dubai to be a reflection of the city of the future, with full commitment to environmental sustainability standards in terms of construction and the presence of self-driving cars with low emissions, in addition to a strong presence of robots.
He continued, "All of this will be reflected in the enhancement of the level of services in the region, and thus enhance the population and increase the demand for the Dubai South region, in conjunction with the implementation of the expansion of Al Maktoum Airport, and it will become the largest airport in the world."
He explained that "the projects that are being set up in the (Expo Dubai) area are future projects, such as self-services, represented in self-driving cars and robots, in addition to an increase in the number of malls in the region and an increase in real estate projects."
He pointed out that Dubai has proven its worth in the face of the pandemic, and succeeded in organizing a global event, and Dubai became in the first ranks in the real estate field and the best cities in the world for real estate investment, and ranked first in investment returns, explaining that "investment in the region is very successful."
strong support
For his part, the Chairman of the Board of Directors of Al-Waleed Investment Company, Mohammed Al-Mutawa, stressed that “the announcement of (Expo City Dubai) is a strong supporter of the smart economic and technological movement in Dubai, and the (Expo Dubai) area has gained great fame at the regional and international levels, for over a period of six months during the organization of the exhibition’s activities.”
Al-Mutawa added that "this zone will focus on smart activities and advanced technology, which will serve the future plans of Dubai and the distinguished people who live in this region, and the emirate government seeks to attract them from all over the world," expecting great successes for the distinguished area near Al Maktoum Airport and the Emirate of Dubai. Abu Dhabi in the coming period.
He stressed that "the (Expo Dubai) area will need a type of real estate, different from everything that is traditional, so that it is of the type that foresee the future and integrate modern technology in the construction and building process," expecting that "the demand for smart buildings will increase significantly, no longer The property has (deaf) walls. Rather, it has become modern houses that speak to their owners, welcome them and serve them.”
positive reflection
For his part, the real estate expert, Mohammed Al Ali, said that "transforming the Expo into a city (Expo Dubai) reflects positively on the Emirate of Dubai, from a broad perspective and strongly supports the real estate sector," explaining that "the launch of more projects near (Expo City) It enhances the attractiveness of the real estate sector.
He pointed out that a number of pavilions in the exhibition will continue, such as: the UAE, Saudi Arabia and Egypt, and this will require the provision of housing for a large number of visitors or participants, which will provide additional demand for real estate.
Al Ali indicated that "the city will be large in size, which will increase the real estate supply in the market," noting that real estate companies are trying to open branches near the "Expo area", or launch real estate projects there, for the purpose of investing, selling or renting.
He added that "the areas of land within (Expo) are large, and they can be distributed and divided between residential and commercial projects, in addition to infrastructure projects, as well as allocating land for the establishment of shopping centers and malls, as a kind of services provided there."
Al Ali indicated that the "Expo City" is suitable for launching residential apartments in a better way, than the establishment of villas and family housing, pointing out that the prices of land and rents will rise at the "Expo" and in the nearby areas.
City opening
The Chairman of the Board of Directors of "W Capital", Walid Al Zarooni, said that "the opening of (Expo City Dubai) next October, a year after the date of this global event, is an indication of the exploitation of the global achievement achieved by (Expo 2020 Dubai), at various levels." .
Al Zarouni expected that “the city will constitute a qualitative landmark on Dubai’s urban map, adding vitality to the process of economic and knowledge development and efforts to stimulate innovation, which will have a profound impact on several sectors, in the forefront of which is the real estate sector.
He continued: "(Expo City) comes at a time when the real estate sector is witnessing great momentum, with the recovery of the sector's sales, and the focus on environmental sustainability standards in construction and construction, and this is what (Expo) established for it during its various activities over the course of six months."
He expected the city's plans to focus on moving into the future and adopting more ambitious plans to implement environmental sustainability standards in all construction and smart building foundations.
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