In just seven hours, Dubai real estate agents have sold three complete buildings in one of the city’s fastest growing developments.
Kamil Magomedov, a leading representative of Provident Real Estate, successfully sold the city of Expo.
The pioneering deal highlights the growing importance of Expo City as a key business and living centre for Dubais Next.
Expo City in Dubai
Expo City is ready to become the new World Trade Centre home by 2026 and attract 2.5 million visitors at 300 events each year.
By 2032, the city’s expansion will host more than 600 events per year, with over 6 million visitors expected, consolidating its status as a contact point for businesses and leisure in the region.
Kamil Magomedov said: “We are witnessing a historic moment in Dubai’s real estate sector. 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 per cent is significantly above the city average, driven by the demand-supply gap.”
Expo City’s current accommodation is limited, with only around 1,100 units available at Al Waha Residences, Mangroven Residences and Rove Hotel. Despite future expansions to add an estimated 1,000 units with Sky Residence and SIDR Residences by 2028, projected demand through 2026 will provide the demand for 8,000 10,000 event participants expected at peak times. At least 4,000 units are required to meet.