Dubailand, a mega mixed-use master development by Dubai Properties Group, is witnessing renewed interest from third party investors due to its proximity to the World Expo 2020 site.
“Centrally located between Dubai International Airport and Al Maktoum International Airport, Dubailand is attracting significant interest by third party investors due to the diversity and potential offered by the district coupled with its close proximity to the World Expo 2020 Dubai site,” DPG, the real estate arm of Dubai Holding, said in a statement.
Districts such as Arjan, Marjan and Liwan, which are close to the Expo 2020 site, offer good potential for development, says DPG.
On November 27, seven days from today, representatives from the 167 member nations of the Paris-based Bureau International des Expositions (BIE), the body governing the World Expo, will cast their votes on to decide which city will host the 2020 World Expo.
Khalid Al Malik, Group CEO, DPG, said: "Our priority is to continue developing key destinations and districts that support the growth of Dubai. Now, with the possibility of Dubai hosting the World Expo in 2020, the market trend for growth and investor demand in our key districts across Dubai has been further enhanced.
"DPG continues to implement a strategic development plan that is aligned with the needs of a growing city, and the World Expo is an important factor that will add additional impetus to these plans.
The master developer is evaluating the potential for setting up dedicated business hubs in Dubailand to service key industries within the emirate including a potential business park for the logistics industry.
Dubailand is also set to get the district's first hotel, which is set to open by mid-2014; a new British curriculum school Safa British Academy and a Fifa approved football complex.