As we close off the first half of 2024, Dubai’s property market has shown impressive growth across all residential sectors with no signs of slowing down.
Abu Dhabi-based developer, Aldar has announced another AED 1.75 billion development in Expo City.
Let us tell you everything you need to know…
How did this new development come about?
This ambitious venture aims to transform the area surrounding the Dubai Exhibition Centre (DEC). The project marks an exciting step in the evolution of Expo City Dubai as it builds on the legacy of the World Expo 2020 and prepares for its next chapter as a leading destination in the UAE.
What’s in store?
The project will have six buildings, offering a combined floor area of 103,000 square meters. These buildings will feature a mix of residential, office, and retail spaces, providing a seamless blend of environments designed to cater to modern lifestyles and the growing demand for high-quality real estate in Dubai.
It is located near the DEC and Al Maktoum International Airport, which makes it a prime spot for businesses and residents alike, and with the ongoing rise in developments near the new airport, residents are buzzing to relocate to that neck of the city.
This new mixed-use development is part of a broader master plan launched by Expo City, which aims to transform the area into a leading business and lifestyle destination. What you can expect is a space where people can live, work and play, enhancing the overall appeal of the district.
Stronger together…
This project is a joint venture between Aldar and Expo City Dubai.
Aldar will oversee the management of the project upon completion, from property development to smooth execution – and this isn’t their first rodeo in Dubai.
The company is steadily expanding its footprint across the city through partnerships in logistics, commercial, and residential developments.
The development is expected to have a significant impact on the property market, particularly in and around the Expo City area. With an AED 10 billion expansion of the Dubai Exhibition Centre, the area is set to become a major draw for businesses, events, and exhibitions. This growth will likely increase demand for residential and commercial properties nearby, positioning the Expo City district as a prime location for investment. As the number of large-scale events at the DEC doubles, businesses and residents will benefit from proximity to one of the region’s most important economic hubs.
For property investors, this is an exciting opportunity. The mixed-use nature of the project ensures diverse revenue streams, while the area’s strategic location makes it a solid choice for long-term investment.
Impressive, isn’t it?
Are you thinking about checking this development or more out in Expo City? Feel free to reach out to our in-house off-plan experts to check it out!
