Favourable interest and mortgage rates, a highly effective Covid-19 vaccination drive, and new visa rules for investors will result in Dubai's property sector witnessing a 'big boom', especially when the city opens its doors for Expo 2020, says Rizwan Sajan, chairman and founder of Danube Group.
Speaking in an exclusive interview with Khaleej Times on the sidelines of the INDEX Dubai 2021 exhibition, Sajan remarked that Dubai would continue to be the city that enjoyed the confidence of Global investors. The emirate has proven itself to be resilient in the face of several challenges that have gripped the global economy time and time again, he said.
"Expo 2020 is going to bring a big boom for Dubai", he stated. " If you look at what has happened over the past two to three months you will see that real estate prices have gone up again. This means that developers will be eager to start constructing new apartments and villas. We are blessed, especially when you look at all the policies government has been coming up with, such as the Golden Visa and the 100 per cent ownership laws, to make ex-pats feel like they are at home. All of these policies will definitely help to build confidence in investors that are interested in setting up businesses here."
SOURCE - KHALEEJ TIMES
Image Source - expo 2020 Dubai