Home > Overseas Property News

Olympic 2020 would stimulate Dubai property sector



Country:  Dubai, United Arab Emirates

2 July 2009

Potential plans by the ruler of Dubai to put together a bid to host the 2020 Olympic Games is looked upon as a decision that could boost the flagging Dubai property market.

The emirate is currently at the due diligence stage with regards to bidding for the Olympic Games. But should Dubai go-ahead with a bid, it can rest assured that there are already has a number of sports venues, as well as the infrastructure to host such a major sporting event, with further developments in he pipeline.

Under plans for Dubai 2020, the emirate also wants to host the World Expo, a platform for innovations in science and industry that is held every five years.

Historically, property prices in the host city have often appreciated in the run-up to the Olympic Games, outstripping national average growth.

Blair Hagkull, managing director, Mena, Jones Lang LaSalle, said: “Dubai does have a lot of attributes in order to hold such large-scale events and the government of Dubai is sending a strong message to the world by announcing the Dubai 2020 initiative. Hosting such a large-scale event does have a tremendous positive impact on different sectors, including the real estate sector.”

2016 Olympic Games
Shrewd property investors will be keeping one eye firmly on the Olympic Committees selected city to host the 2016 Olympic Games. The cities shortlisted to shot the vent are Chicago, Madrid, Tokyo and Rio de Janeiro.


See Also:   Chicago, Dubai, Madrid, Marc Da-Silva, Olympic Games, Rio de Janeiro, Tokyo, UAE


<< Previous News item
Within Dubai
With tag "Dubai"
With tag "Madrid"
With tag "Marc Da-Silva"
With tag "Olympic Games"
With tag "UAE"
NextNews item >>
Within Dubai
With tag "Dubai"
With tag "Marc Da-Silva"
With tag "Olympic Games"
With tag "UAE"


Some properties in Dubai, United Arab Emirates

Ref 5147253, Dubai, Dubai Marina, UAE

Ref 5147253, Dubai, Dubai Marina, UAE

Price: £105,038

Type: Apartment

An ideal investment opportunity, this studio is ideally sized and positioned to achieve excellent rental yields. Studio apartments on the marina are popular amongst business professionals looking for long term lets.


Ref 5236614, Dubai, Dubai Marina, UAE

Ref 5236614, Dubai, Dubai Marina, UAE

Price: £166,348

Type: Apartment

Bedrooms: 1

Elite Residence is destined to become one of the most exclusive and sought-after addresses in the Middle East, it is ideally located at the core of Dubai Marina, near significant city landmarks like Palm Jumeirah and the Mall of the Emirates.


Ref 5238117, Dubai, Dubai Marina, UAE

Ref 5238117, Dubai, Dubai Marina, UAE

Price: £185,606

Type: Apartment

Bedrooms: 1

Considered the tallest residential tower in the world, The Princess Tower is being constructed on a 37,410 square feet plot in the Marina area, known to be one of the most exclusive and prestigious areas in Dubai.


Ref 5147256, Dubai, Dubai Marina, UAE

Ref 5147256, Dubai, Dubai Marina, UAE

Price: £194,936

Type: Apartment

Bedrooms: 2

A mid-level 2 bedroom apartment, this property has stunning views of the sea and the trunk of the palm. It presents an ideal investment opportunity as 2 bedroom apartments in The Torch are incredibly high in demand


Dubai Gate 2 - Jumeirah Lake Towers, Dubai, United Arab Emirates

Dubai Gate 2 - Jumeirah Lake Towers, Dubai, United Arab Emirates

Price: £264,880

Type: Apartment

Bedrooms: 1,2,3

DUBAI GATE 2
JUMEIRAH LAKE TOWERS
1 BEDROOM PLUS DINING ROOM
18TH FLOOR FANTASTIC VIEWS


Ref 5236618, Dubai, Dubai Marina, UAE

Ref 5236618, Dubai, Dubai Marina, UAE

Price: £277,855

Type: Apartment

Bedrooms: 2

Elite Residence is destined to become one of the most exclusive and sought-after addresses in the Middle East, it is ideally located at the core of Dubai Marina, near significant city landmarks like Palm Jumeirah and the Mall of the Emirates.


Ref 5147258, Dubai, Dubai Marina, UAE

Ref 5147258, Dubai, Dubai Marina, UAE

Price: £286,835

Type: Apartment

Bedrooms: 3

This property boasts truly spectacular views as its situated towards the top of the worlds tallest residential tower.


The Fairways - Dubai, United Arab Emirates

The Fairways - Dubai, United Arab Emirates

Price: £299,300

Type: Apartment

Bedrooms: 1

· Project: The Fairways
· Developer: EMAAR
· Tower: T1 / West
· Type: 1 BR
· Suite area: 709 Sq ft


02 Residence -Jumeirah Lake Towers, Dubai, United Arab Emirates

02 Residence -Jumeirah Lake Towers, Dubai, United Arab Emirates

Price: £435,654 GBP

Type: Apartment

Bedrooms: 3

This luxurious 3 Bedroom apartment is a distress sale and is offered below market price.
Located in one of the prime Towers in the most sought after location in Dubai – O2 Residence in Jumeirah Lake Towers<


Dubai, United Arab Emirates

Dubai, United Arab Emirates

Price: £641,148

Type: Apartment

Bedrooms: 3

3 Bedroom Fully Furnished and Maid's Apartment.


featured properties