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‘Dubai winning World Expo 2020 bid to impact residential rents, economic growth and Emirati culture’ – Survey

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‘Dubai winning World Expo 2020 bid to impact residential rents, economic growth and Emirati culture’ – Survey

If Dubai wins the rights to host the World Expo 2020, the economic effects that will follow in the years ahead are great. Research by Oxford Economics estimates that the event would help create 277,000 jobs and attract 25 million visitors – 70 per cent from outside of the UAE.

It’s also been said that hosting the World Expo 2020 would create an influx of business opportunities and investors, not just to Dubai or the UAE, but also to the Middle East region.

In short, hosting such a major global event essentially gives Dubai excellent media exposure, the chance to showcase its infrastructure and developments, create jobs, boost tourism, contribute to GDP growth, build international partnership and develop a lasting social and economic legacy.

In a recent survey conducted by research firm YouGov, which quizzed 1,000 residents across the UAE, Kippreport discovered that people are optimistic about Dubai’s chances of winning the bid and the positive effects it will have on the region as well.

Participants were asked whether Dubai’s win would make it more or less likely for them to consider leaving the emirate. Seventy seven per cent said that they’d be less likely to move. Eighty one per cent revealed that they’d be more likely to stay here, 57 per cent said they’d more likely open a business in the city and 67 per cent would even encourage family and friends to move to the UAE.

The survey’s respondents were also asked whether Dubai’s victory would have a positive or negative impact on the following:

Airports – 91 per cent (positive), four per cent (negative) and five per cent (none of the above)

Dubai Metro – 88 per cent (positive), seven per cent (negative) and five per cent (none of the above)

Commercial rents – 50 per cent (positive), 43 per cent (negative) and seven per cent (none of the above)

Residential rents – 48 per cent (positive), 45 per cent (negative) and seven per cent (none of the above)

Economic growth in the UAE – 86 per cent (positive), eight per cent (negative) and six per cent (none of the above)

Emirati (local) culture – 63 per cent (positive), 19 per cent (negative) and 19 per cent (none of the above)

Multi-cultural relations in the UAE – 81 per cent (positive), nine per cent (negative) and ten per cent (none of the above)

Rates for utilities, such as electricity and water – 49 per cent (positive), 36 per cent (negative) and 15 per cent (none of the above)

Road transport – 81 per cent (positive), 12 per cent (negative) and seven per cent (none of the above)

Water transport – 79 per cent (positive), eight per cent (negative) and 14 per cent (none of the above)

Sanitation services – 68 per cent (positive), 15 per cent (negative) and 17 per cent (none of the above)

Land use – 73 per cent (positive), 15 per cent (negative) and 12 per cent (none of the above)

Air pollution – 35 per cent (positive), 46 per cent (negative) and 19 per cent (none of the above)

Water pollution – 37 per cent (positive), 39 per cent (negative) and 24 per cent (none of the above)

Availability of clean drinking water – 59 per cent (positive), 18 per cent (negative) and 23 per cent (none of the above)

Cost of food – 47 per cent (positive), 39 per cent (negative) and 14 per cent (none of the above)

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kippreport

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9 comment

vincent 5:54 AM

y india is not trying to host this event if it helps to boost GDP and create more jobs?

Abusive Comment(1)
jawwad amjad 7:35 AM

if govt of u a e Dubai hold department of govt compliant which hold all those problems solving which are can solve through govt support in every corporate fields either social and security and take annually charges jawwad amjad

Abusive Comment(0)
Mubarak khan 6:02 AM

For the World Expo 2020. Qatar is developing and doing were good. And even the roads and construction of Building are going very fast. I want the world Expo 2020 in Qatar.

Abusive Comment(0)
9:00 PM

UAE

Abusive Comment(1)
wajira 8:50 PM

who will be VERY LUCKY...?????????

Abusive Comment(0)
Ravindranath 7:08 PM

Where there is positivity everything will happen positive. Dubai the most vibrant positive city in the world deserves the right to have Expo 2020 and it will boost the economoy not only for UAE but for the neighbouring countries. Good luck Dubai and GOD BLESS UAE.

Abusive Comment(1)
mon 6:20 PM

The survey only indicated positive effect but economic reality indicates a negative effect of escalating prices of services to house ownership/rentals. Higher cost of living for the expatriate community from arabs and asean countries. Result: Exodus of expatriate nationals...

Abusive Comment(1)
concern citizen 6:01 PM

i think the rent for the house will rise, hope the salary will raise as well then it will be a great help to us (employees).

Abusive Comment(0)
MS 5:19 PM

When the employee right will be taken into consideration? Your employer harrass you, violate the law, humalitate you and then Dubai International Financial Center court dismissing the case with no further explanation!

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