As the countdown continues to Expo 2020 Dubai, the mega event is everywhere and is hard to ignore due to the construction of various real estate properties that are under way, in preparation for creating the extraordinary Expo 2020 projects. The Dubai real estate market benefited immensely from the Expo 2020 market boom, and the market around construction in Dubai has been brisk in the run-up to the event. The evident increase in cranes and workers in the city tells us how well Dubai’s real estate market is doing thanks to Expo 2020 projects, providing a opportunities to invest in property in Dubai and impacting the overall economy.
why is EXPO 2020 such a big deal?
WHAT is an EXPO?
Expos are like exhibitions, but for the entire world. All over the world, Expos have been pillars of international cooperation and allow the host nation to exhibit their achievements and the principles they stand for. World Expos take place every five years and last up to six months.
EXPO 2020 DUBAI
On November 27th, 2013, Dubai was awarded the right to host Expo 2020 by the general assembly of the Bureau International des Expositions (BIE) in Paris. The BIE is an international organisation responsible for overseeing, regulating and selecting the candidate for the world fair.
Expo 2020 Dubai’s overall theme is “Connecting Minds, Creating the Future” and is the first World Expo to take place in the Middle East, Africa and South Asia region (MEASA). The theme of Expo 2020 is guided by three pillars: Opportunity, Mobility and Sustainability, and aims to use these pillars to drive change and bridge the gap of some of the world’s pressing issues to ensure a better future. Simply put, all the Expo 2020 projects will do some awesome things for Dubai.
The main site of Expo Dubai 2020 is located on the outskirts of Dubai, at the Abu Dhabi end of the city, which has become known as Dubai South.
TOP five EXPO 2020 PROJECTS
Ever since the announcement of Expo 2020, construction in Dubai has been moving fast. With two years remaining on the Expo 2020 timeline, real estate projects such as the Dubai Frame, Dubai Water Canal and Dubai Parks and Resorts are open to the public. Let’s take a look at the top Dubai real estate projects that are expected to be completed for Expo 2020 Dubai.
1. Al Wasl Plaza
The word wasl stands for connection, and that’s exactly what this project will do for Dubai’s Expo 2020. Ornate with fountains, waterfalls, parks and palm-lined courtyards, the Al Wasl Plaza will be the central hub for Expo 2020, bringing together all the elements of the Expo 2020 – just as a centrepiece does for a dinner table.
Featuring an iconic 65-metre high dome inspired by the Expo 2020 Dubai logo, the 150-metre diameter plaza can hold more than 10,000 people. The plaza also features a 360-degree projection screen on the dome, which can be visible to visitors from inside and outside the plaza.
Doing justice to its name, the plaza is easily accessible from the Dubai Metro, as well as the three pavilions representing the pillars of sustainability, opportunity and mobility, at the Expo site. Post Expo 2020 Dubai, the Al Wasl Plaza will transform into an event venue surrounded by buildings for hotel and commercial purposes.
2. route 2020
Route 2020 will present itself as the central mode of transportation for visitors to the Expo 2020. Dubai’s Road and Transport Authority’s (RTA) strategy for Expo 2020 involves the expansion of two major infrastructure developments in the UAE – the Dubai Metro and Al Maktoum International Airport.
The Metro extension project is expected to allow the RTA to ensure that the Dubai Metro will have the ability to transport more than 23,000 passengers, travelling in both directions. Expansion plans for the Dubai Metro will see a new 15km branch that will start at Nakheel Harbour & Tower station on the existing Red Line, with stations serving areas in The Gardens, Discovery Gardens and Al Furjan, allowing easy access to the respective property developments. Stations such as Jumeirah Golf Estates and Dubai Investment Park would be on a 3·2 km underground section. Without a doubt, the Dubai Metro will connect to the main Expo site, with journey time estimated to be 16 minutes from Dubai Marina.
Al Maktoum International Airport, also known as Dubai World Central (DWC) located near Jebel Ali, is undergoing expansion and is set to take over from Dubai International Airport (DXB) as the world’s busiest airport upon completion.
3. Aladdin City
Aladdin City is one of those Dubai real estate projects that suggest that fairytales do come true, and is next on our list of iconic projects set for completion prior to Expo 2020. No official completion date has been announced yet, but some sources say this extremely complex project could be completed by Expo 2020. The project, which is inspired by the traditional tales of Aladdin and Sindbad, will feature three towers that resemble Aladdin’s magic lamp, linked by bridges and walkways. Aladdin City will stretch along the Dubai Creek and host offices and hotels and parking spaces for 900 cars.
4. ain Dubai
Ain Dubai, aka the Dubai Eye, is a majestic observation wheel to be located on Bluewaters Island off the Jumeirah Beach Residence coastline. The giant Ferris wheel structure stands tall at the height of 210 metres with a diameter of 250 metres. The Dubai Eye will be able to hold up to 1,400 visitors at any given time. Ain Dubai will be the highlight of Bluewater Islands – a man-made beauty, developed by Meraas, which will be home to residential property, hotels, shops and recreational facilities set to redefine waterfront living in Dubai.
5. Museum of the future
“Extraordinary”, “work of art” and “architectural wonder” are a few of the words that have been used to describe this wonder, which will by now be a familiar sight for those travelling along Sheikh Zayed Road near Emirates Towers. Opening its doors in 2019, the Museum of the Future will not hold artifacts of the past, but will instead focus on future innovation. The museum will be located next to Emirates Towers, by Sheikh Zayed Road, in Dubai.
The museum’s facade will incorporate ornate Arabic calligraphy, which will be inscribed on the windows, coupled with a smooth elliptical exterior design. Upon completion, the Museum of the Future, due to open in 2019, will become the world’s largest and most exciting future museum, where visitors will have a unique opportunity to experience the future.
The journey of Expo 2020 Dubai will be completed in April 2021, however, this will not be the end. Expo 2020 Dubai announced that the expo site will be transformed into District 2020, and will take forward the expo’s mission to make Dubai a destination to connect, create and innovate. All these Dubai real estate projects are creating multiple opportunities for residents looking to buy and rent properties in Dubai. If you are keen to learn more about this dynamic mega event, visit the Expo 2020 Dubai’s official website.