FIFA World Cup Visitors To Benefit From Buying Property In Dubai. It’s only a matter of time before the greatest show on Earth begins. The 22nd FIFA World Cup will begin in a little over three months with Senegal and the Netherlands. There are a number of reasons why this is a monumental turn in history and it will have an impact on the luxury Dubai real estate market as well. There has already been a surge in interest in luxury holiday homes in Dubai.
The Qatar World Cup is attracting many football lovers to UAE who are looking to buy properties in Dubai. As a result, experts believe Dubai’s real estate market is growing even stronger. “Dh300 billion is expected to be invested in real estate by the end of the year throughout Dubai,” said Vaneesh Sachdeva, CEO of Houzon. ‘In the short- and long-term, the property market is poised to flourish as Dubai and the UAE remain among the leading destinations in the world,” he added.
FIFA World Cups, held every four years, have historically boosted the economies of the countries hosting them. It will inject $17 billion into Qatar’s economy, which is no different. The UAE and other neighboring countries will, however, benefit greatly from the event due to limited accommodation on the peninsula.
According to Nishchay Mehra, Director of Houzon, most of those attending the Qatar World Cup will be High Net Worth Individuals (HNWI) due to the event’s nature and price point. Luxury properties in Dubai are typically the purchase preference of HNWIs, who have fortunes between $1 million and $5 million.
World Cup-related residences are also on the market for AED1.35 million to over AED1.5 million, reflecting the city’s well-known bespoke experiences. The luxury holiday homes in Dubai offer the perfect base for traveling to and from matches because they are less crowded than traditional hotels and removed from the crowds of football fans in Qatar. Fans can travel just an hour from Dubai to Doha to watch the spectacular football on offer there, then return to Dubai within the same day.
Several Middle Eastern cities, including Dubai, offer daily match-day shuttle flights from Doha, providing convenient travel conditions. Traveling to the region not only makes it easier to catch the best football matches in Doha but also to experience its culture and hospitality. Private enterprises are also capitalizing on football fever, offering luxurious packages that include limousine transfers and chartered flights for discerning tourists. Luxury holiday homes in Dubai are expected to thrive as a result of all of these factors.
The opulent settings and locales of Dubai are well known. There are a number of premier recreational and luxury residential hubs in the city, including:
- Palm Jumeirah – A perfect blend of natural tranquillity and city bustle, the famous archipelago offers uninterrupted access to renowned shopping destinations, restaurants, bars, and other trendy experiences. With breathtaking views of the beach and sea, you can end your extraordinary football experiences with unparalleled serenity at your luxury home in Dubai.
- Downtown Dubai – Having the Burj Khalifa as its centerpiece can only mean exclusivity. Located within walking distance of the landmark Dubai Mall, these refined apartments and luxury penthouses in Downtown Dubai provide a wealth of shopping and entertainment opportunities. This article provides an overview of the luxury property market in Dubai.
It is not unusual for young buyers to prefer areas with metro access, such as Dubai Marina, Business Bay, and Downtown. For seasoned investors, however, investing in areas like Dubai South which are not fully developed gives them the opportunity to make a bigger profit.
With the UAE’s Golden Visa program, new regulations permitting dual citizenship, and favorable tax advantages, investments in the UAE are becoming more appealing than ever.
Also, as a tourist destination and elite holiday destination, Dubai offers a range of unique experiences. It is also located within easy reach of Qatar. This World Cup in Qatar will be the first of its kind for the Middle East and Dubai is the perfect location to host it.