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International Business Times
International Business Times
Business

Expo City Dubai: Is the Supply-Demand Gap Real or Is the Market Getting Ahead of Itself?

Kamil Magomedov

Expo City Dubai has become one of the most discussed investment areas in the UAE. The thesis is elegant: a government-backed district built on the legacy of a World Expo, with a supply of approximately 2,100 residential units against projected demand for significantly more. An AED 10 billion exhibition centre expansion. Designation as one of five urban hubs on the Dubai 2040 Master Plan. Corporate headquarters from Siemens, DP World, and Terminus Group already operational. On paper, the investment case writes itself.

But I have learned — across 12 years of institutional investment, including a period as Minister of Investment and head of government project of a new city in Far East (kamilmag.com/about)— that the cases that write themselves are precisely the ones that deserve the most scrutiny. I have sold more individual units in Expo City(kamilmag.com/insights/expo-city-dubai-investment-guide) than any other broker. I was recognised as the Top Performing Broker by the master developer, with the award presented by Karim ElSayyad, Vice President of Sales at Expo City Dubai. At one point, I sold three entire residential buildings in 1 day. I have no reason to talk investors out of Expo City. What I have is a professional obligation to present the investment case as it actually is — not as marketing material suggests it should be.

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