Dubai: The new ‘mini-city’ that will be created to host Expo 2020 already has its own airport — the Dubai World Central. The many other pieces of the development gameplan will soon be taking form.
“Projects such as the construction of the Dubai Metro Purple Line and the work in and around the Dubai World Central — the actual site of the expo — are likely to be expedited,” said Mat Green, head of research and consultancy UAE, CBRE M. E. “The new airport would also witness significant development activities, fast-tracking its use as a passenger hub and becoming a catalyst to development of the air transport infrastructure — a key driver for the sustained economic growth of the emirate.”
Dubai’s mega-developers will also be using the coming years to flex their land banks and fully capitalise on them.
“Through our portfolio of residential communities, commercial and retail developments as well as our large land bank, we believe we are well-placed to meet the increased demand a successful Expo 2020 bid brings,” said Khalid Al Malik, CEO at Dubai Properties Group. “We are also encouraging third-party investors to develop projects that will cater to the growing number of residents and visitors expected in Dubai over the next decade.” More info