A Dubai real estate agent has sold three full buildings in just seven hours at one of the city’s fastest-growing developments.
Kamil Magomedov, a leading agent at Provident Real Estate, successfully sold the buildings at Expo City.
The landmark transaction highlights the growing significance of Expo City as Dubai’s next major business and residential hub.
Expo City in Dubai
Set to become the new home for the World Trade Centre by 2026, Expo City is poised to attract 2.5 million annual visitors attending 300 events each year.
By 2032, the city’s expansion will host more than 600 events annually, with more than 6m visitors expected, solidifying its status as the go-to destination for business and leisure in the region.
Kamil Magomedov said: “We are witnessing a historic moment in Dubai’s real estate sector. With a supply shortage and demand rapidly increasing, Expo City presents one of the most lucrative investment opportunities in the market.
“The potential rental yield of 13–16 per cent is significantly above the city average, driven by the demand-supply gap.”
The current accommodation supply in Expo City is limited, with only around 1,100 units available across Al Waha Residences, Mangrove Residences, and Rove Hotel.
Despite future expansions adding an estimated 1,000 units by 2028 with Sky Residences and Sidr Residences, the projected demand will require at least 4,000 units by 2026 to meet the needs of the 8,000–10,000 event attendees expected at peak periods.
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