Three Things Tuesday: 1) Dubai’s getting a bigger exhibition boat. The DEC at Dubai Expo will be 2.5x its current size by the end of 2026 and end up 1.5x the size of DWTC by 2031 – with parking and road plans – making it the new home of the emirate’s mega-exhibitions. And as anyone who’s tried to get out of DIFC during a Gitex or Gulfood knows, it’s all about the traffic. 2) That will let us compete with the likes of Europe and Asia, says Natalie Crampton of The Event Company – we’ll end up with double the space of London’s ExCel, and nearly 50% more than Singapore. We’re not the cheapest destination, she tells her clients, but in terms of hotels, F&B and experiences, the quality is 'second to none'. 3) Meanwhile, Dubai property price appreciation more than doubled last month – which Zhann Jochinke of Property Monitor (below, taller, plaid) doesn’t love. It’s not sustainable, it will price people out of the market, and the last time prices grew at this rate the government ultimately stepped in with LTV and other controls, he says.
Thanks for having me! Always a pleasure to hang out with the Business Breakfast family… although virtually today 🙏🏼
What an amazing dialogue Brandy :)
Space is the biggest plus for Dubai as it's ample !!! The new planned residential projects are increasing every week, so many new developers has come in apart from Emmar, DP, Sobha, Damac etc. Let's hope the salaried individualss (lower end of the spectrum) apply their mind, check every details like where the market is, how is the developer etc etc before putting their hard earned money. FOMO is real !!
Group CEO - Cavendish Maxwell
6moGreat news about Expo....at last and sorry about Zhann's jacket today.