All investor eyes on Expo City Dubai in 2024
Dubai's Expo City is a futuristic master community with great connectivity and tons of attractions, also uniquely offers 50/50 post-handover payment plans over up to three years, interest free
Of the many developments likely to get off plan investor pulses racing in 2024, one area is standing out for its sheer ambition and notable USPs – Expo City in Dubai.
What can we expect from Expo City in Dubai?
Billed as the UAE’s first ‘15-minute city’ where amenities, attractions and public transport will be a quick walk or jog away – not to mention having miles of dedicated cycle tracks – this government backed project being developed by the reputable Expo Dubai Group is taking its slogan of ‘City of the Future’ seriously.
After receiving over 24 million visitors for Expo 2020, Expo City already boasts great infrastructure and connectivity – including new major roads and a dedicated Red Line metro station – and will become a more central location as construction continues, which is great news for investors who secure their spot early.
Where is Expo City?
Close to Abu Dhabi and adjacent to Al Maktoum International airport, which will soon become a global travel hub, this master community is also just seven minutes from the vibrant Dubai Investment Park.
Reaching Dubai's Expo City via public transport has never been easier, just take Dubai Metro's Red Line and disembark at EXPO 2020 Metro Station.
What investment opportunities are available in Dubai's Expo City?
In terms of properties up for grabs, Expo City has an impressive mix of apartments, townhouses, and villas, all with high quality designs and modern architecture.
And for those looking to snap up units in one of the exciting new projects underway, there’s a major added incentive: the availability of 50/50 post-handover payment plans over three years, interest free. Yes, really.
To date, 988 properties have hit the market, 470 in Mangrove Residences and 518 in Expo City Valley. To show how just hot this development is for buyers, in 2023 alone over AED 1 billion has been invested.
Another major appeal is undoubtedly Expo City’s AED 1,547 per sq. ft compared to AED 1,824 on average for off plan properties in the emirate. There’s also great potential for capital appreciation and high ROI.
Green zones and unique features
Looking closer at the development, it’s notable for boasting huge ‘green zones’ with 1 million trees already planted. The community is also redefining urban living by offering a huge array of facilities such as parks, gyms, recreational areas, and essential services to enhance the overall quality of life for residents.
And for that extra ‘only in Dubai’ touch, the Expo City will soon also have a manmade 1km wadi between the residential units featuring different landscapes and terrain so residents can go hiking, while encountering freely roaming gazelles (obviously). The wadi will also create a microclimate that lowers temperatures and provides a natural buffer against noise and dust.
Free zone benefits and key projects
On top of all that, Expo City is also a Dubai ‘Free Zone’ – meaning entities can have 100% foreign ownership, streamlined work visa processes, and tax exemptions extending up to 50 years. The first anchor tenants to take advantage of this include DP World, Emirates Airline, and Siemens Energy – and the area is home to more than 3,000 employees already.
Key off plan residential projects to watch out for include the Shamsa Townhouses in Expo Valley; a uniquely stylish address featuring 3- & 4-bedroom smart homes boasting an open kitchen with feature island, a master bedroom with double sink, an en suite maid’s room, and basement parking for two vehicles.
Then there’s the stunning Yasmina Villas. These spacious luxury homes are set in lush green landscapes with uninterrupted nature reserve views, while being part of an exclusive community of courtyards and gardens.
Upcoming launches for 2024 of note include Expo Apartments / Village, and Sky Residences.
Timeline wise, the construction of Expo City projects has already begun, with the first phase due for completion by January 2026.
Looking to secure your place in Expo City Dubai? Contact haus & haus for expert guidance on purchasing your off plan property. Benefit from our extensive knowledge of the Dubai real estate market and personalised service to find your ideal home in this dynamic new destination.
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