Dubai’s Real Estate Market Set to Bounce Back with the Upcoming Expo 2020

The global pandemic has caused many industries to draw to a screeching halt, including the real estate industry. Despite this, the rest of 2021 and the coming year appears hopeful. As tourism across the Middle East begins to flourish once again and travel restrictions ease, the housing sector is set to make a steady upward recovery, particularly with the Expo 2020 Dubai commencing from October. The high vaccination rate has positioned Dubai as one of the safest places to travel post-pandemic, allowing the emirate to open its doors to not only tourism, but multiple opportunities across all sectors.

To celebrate the resilience displayed by the UAE in overcoming the pandemic and being positioned as one of the safest countries welcoming visitors from across the globe, Prescott Real Estate Development is offering a hotel stay for one week to their overseas buyers who invest in their projects. With investment as low as $100,000 for a property, buyers can also have the leverage of flexible Five-year Payment Plan, averaged at $20,000 per year. Prescott’s latest project ‘Prime Views’ is currently yielding a whooping 7% yield on investment value and an 18% yield on equity. This underlines the company’s commitment to support the buyers at every step of the process. Additionally, given the Expo 2020 being a once in a lifetime event for the global community, the developers will also offer free Dubai Expo 2020 passes to the buyers to give them a glimpse of the making of a new world. 

To add to the flourishing portfolio, Prescott has a stellar new project launching in in one of the city’s most desirable areas in the second fourth quarter of this year. Located just a stone’s throw away from the Expo 2020 grounds, the upcoming project will boast of fully furnished smart homes offering great connectivity to the metro lines as well the airport, and a host of amenities unlike any other development in the area. 

Muhammad Shafi, Chief Executive Officer of Prescott Real Estate Development, says, “In the past few months, Dubai’s real estate sector has shown a steady growth and a notable interest not only from investors within the city but also foreign investors. The support from the government with regards to increase in the loan capping, the various initiatives under smart city plans, and much more have ensured a more positive outlook on the buying pattern within the real estate sector. The onset of the Expo 2020 has only added to the return of foreign investors to Dubai, who have been a major driving force when it comes to the real estate market with the emirate housing one of the highest numbers of expatriate population.”

He adds, “Prescott has always expanded their portfolio with an aim to enable the buyers secure a property that seamlessly blends luxury with affordability. With real estate industry picking up pace in the region with the onset of the Expo 2020, the existing prime properties along with the upcoming ones, built on our pillars of quality, location and privileges are all well equipped to manage the foreseeable demand of buyers seeking luxurious and well-equipped properties at affordable prices.”

Prescott Real Estate Development, a name synonymous with luxury, has been at the forefront of the real estate segment in Dubai for over a decade. With a stunning track record showcasing consistency in delivering the highest standard of affordable luxury properties and guaranteeing absolute attention-to-detail through every step of the development process, Prescott has catered to clients who seek a quality home at an affordable price without compromising on quality. With Prescott and their legacy built on trust, every buyer’s peace of mind is prioritized throughout the investment journey, right from location, finance, purchase and home ownership. Additionally, the team’s track record of success and longevity in the UAE market. Prescott has delivered a host of exciting projects across Dubai, including the Prime Villas, Prime Residency 1 and 2, Prime Business Centre and their latest Prime Views Meydan Avenue.