The real estate market in the Emirates is affected by many factors and urgent changes, including important sporting events, such as various tournaments, matches, and sports hosting. Especially with the arrival of fans cheering for the upcoming sporting event, as well as the visits of sports, art, and media stars to attend specific events.
- Of course, the real estate sector, like other vital sectors in the Emirates, is subject to noticeable effects in terms of supply and demand rates, as well as fluctuations in real estate prices, rising and falling, in proportion to local prices in the real estate market.
Inspired by what we mentioned, we will outline for you in our next article the impact of important sporting events on the real estate market in the Emirates. We will also discuss its expected effects on the UAE real estate development process and all the details related to this matter.
How is The real estate market in the Emirates affected when hosting major sporting events?
The effects of hosting major sporting events and tournaments on the real estate market in the UAE are evident in the market’s rapid growth, through the following:
- Investors’ interest in buying, selling, or renting real estate during the sporting event season.
- Increase in the construction of real estate projects in areas close to where sports tournaments are held.
- Increase in demand for renting residential properties to fans coming from outside the Emirates.
- There is also an increase in demand for establishing and investing in restaurants, cafes, and hotels close to sporting event venues.
- A possible increase in the prices of some types of real estate, especially residential units designated for rent, such as apartments and hotel rooms.
How can the UAE real estate market benefit from sporting events?
The real benefit of the UAE real estate market from any sports tournament lies in the increasing number of new arrivals from various countries of the world. Fans of different sports want to watch from the event grounds, and therefore they need to stay for the duration of the tournament.
- In this context, the demand for renting apartments and houses of various sizes and styles increases, which leads to higher rental prices in case offers are few, While prices maintain their market value if the real estate market is supplied with many residential real estate offers, including hotel apartments, studio apartments, penthouses, and townhouses.
The impact of major sporting events on real estate development in the Emirates
The impact of holding or hosting major sporting events on real estate development in the Emirates is clearly evident through the following points:
- Establishing more residential real estate projects including houses, apartments, and hotel rooms.
- increasing the number of restaurants, rest houses, lounges, and hotels in areas close to the venue of sports tournaments.
- Constructing sports facilities, halls, and stadiums to meet the needs of the anticipated sporting event.
- Attracting investors from various countries to invest their money in Emirati real estate projects.
- Paying attention to developing infrastructure and service facilities.
- Encouraging the work of real estate development companies and real estate offices, especially by stimulating the buying, selling, and renting of various properties.
The best types of real estate investment in the Emirates that are positively affected by sports events
There are many types of real estate investment in the Emirates that are positively affected by sporting events and tournaments, as follows:
- Investing in real estate under construction if the tournament date is after a pre-determined period of time.
- Investing in ready-made residential real estate.
- Investing in ready-made commercial real estate.
- In addition to investing in ready-made hotel real estate.
- Investing in ready-made sports real estate, including halls, stadiums, and facilities, through reliable partnerships with the real estate companies responsible for implementing these properties.
The economic impact of major sporting events on the UAE real estate market
The positive economic impacts of major sporting events on the UAE real estate market are achieved through the following:
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- Strengthening the UAE national economy.
- In general, Providing a noticeable increase in profitable financial returns.
- Developing infrastructure, in order to achieve prosperity for real estate areas and attract more investors to them.
- Providing job opportunities for many individuals, thus achieving a good monthly income and reducing the unemployment rate in society.
- Opening the spaces for technological development that achieve accelerated results in the field of real estate development.
How can the real estate market in the UAE be enhanced through sporting events?
It is possible to stimulate the real estate market in the UAE and impose its presence strongly through sporting events through the following:
- Establishing many construction projects in various real estate areas in a manner that suits the requests of clients from investors and expatriates intending to reside temporarily in the Emirates.
- Providing various types of commercial properties such as malls, stores, and hotel properties such as hotels, resorts, restaurants, and hotel apartments.
- Providing various types of residential properties of all sizes and prices, whether for sale or rent.
- Providing all legal and financial facilities to investors during the period of sporting events.
With this sufficient and comprehensive amount of information, we reach the conclusion of our article, through which we have explained the real estate market in the Emirates and the impact of major sporting events. We also reviewed the effects of sports tournaments on the mechanism of real estate development and real estate investment in the Emirates, but it must be noted the pioneering and always cooperative role of the Emirati government in supporting the real estate sector and real estate development companies and providing facilities and easing procedures that constantly support their work.
