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Dubai, UAE – In an extraordinary real estate achievement, Kamil Magomedov, a leading agent at Provident Real Estate, has successfully sold 3 full buildings in less than seven hours at Dubai’s fast-emerging Expo City. The landmark transaction highlights the growing significance of Expo City as Dubai’s next major business and residential hub.
Set to become the new home for the World Trade Center by 2026, Expo City is poised to attract 2.5 million annual visitors attending 300 events each year. By 2032, the city’s expansion will host over 600 events annually, with 6+ million visitors expected, solidifying its status as the go-to destination for business and leisure in the region.
“We are witnessing a historic moment in Dubai’s real estate sector,” said Kamil Magomedov, the Provident Real Estate agent behind the record-breaking sales. “With a supply shortage and demand rapidly increasing, Expo City presents one of the most lucrative investment opportunities in the market. The potential rental yield of 13–16% is significantly above the city average, driven by the demand-supply gap.”
Expo City: The Numbers Tell the Story
The current accommodation supply in Expo City is limited, with only around 1,100 units available across Al-Waha Residences, Mangroove Residences, and Rove Hotel. Despite future expansions adding an estimated 1,000 units by 2028 with Sky Residences and Sidr Residences, the projected demand will require at least 4,000 units by 2026 to meet the needs of the 8,000–10,000 event attendees expected at peak periods.
Al-Waha Residences: A Prime Investment Opportunity
The recently launched Al-Waha Residences offers a rare opportunity for investors. With low-rise buildings (G+1, G+2) housing between 10 to 50 apartments each, they are ideal for those looking to acquire full buildings and convert them into short-term rental properties or boutique hotel-style accommodations. Full buildings are being snapped up faster than individual units due to flexible management strategies and the ability to cater to Expo City’s growing visitor base.
Why Invest in Expo City?
- Strategic Location: Expo City will be Dubai’s new business hub by 2026.
- High Rental Yields: Potential returns of 13–16%, driven by the demand-supply gap.
- Event-Driven Demand: 2.5 million visitors and 300 events annually starting in 2026.
- Future Growth: 6+ million visitors and 600 events per year by 2032.
Invest Now – Contact Kamil Magomedov, Provident EstateWith demand soaring and supply limited, investors looking for high returns should act fast.
Contact:
Kamil Magomedov
Provident Real Estate
For all your real estate needs in Dubai, Provident Estate your trusted partner. With a deep understanding of the market and a commitment to excellence, Provident Real Estate is poised to guide you through the evolving landscape of sustainable real estate investments.
About Provident Estate:
Pursuing excellence since 2008. Provident Estate is a one-stop shop for all things real estate. With a resolution to always offer 5-star service to their clients, Provident Estate are here for property requirements and queries. At the crux of the business, Provident Estate work relentlessly to provide hassle-free tailored real estate advice and consultancy for investors and families alike who are looking to find the perfect home. Provident Estate takes pride in the diverse portfolio of not just services but also the team members behind the company. With over 22 different nationalities speaking 25+ different languages, all are ready to answer property-related questions.
Provident are available to help with buying and leasing as well as property management all the way through to looking for the correct financing options or even finding a perfect holiday home. The company pride themselves in being transparent, honest and professional to deliver the best results to clients.
Website: www.providentestate.com
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Email: charline@providentestate.com