Dubai Sports City – Is There A Demand For The Worlds First Sports City?
By Mark J Burns
At present, there is not much to look at, simply countless indicators from the developers revealing iconic showing off photos along with the very early indications of the construction process. It’s hard to believe that in just a couple of years time, this dusty part of Dubai on the Emirates Roadway will certainly end up being home to among the globes leading sporting destinations, Dubai Sports City.
So just what is Dubai Sports City? Described as a real city of firsts, Dubai Sports City will certainly end up being the globes initially ‘Sports City,’ a destination completely committed to sport and all it entails. Over 50 million square feet of state of the art stadia and venues along with academies from a few of sports leading names such as Manchester United Soccer Schools, ICC Global Cricket Academy, David Lloyd Tennis and the Butch Harmon School of Golf. Committed to showcasing the very finest that sport has to offer today, and creating the showing off hero’s of tomorrow.
Along with the top quality showing off centers, Dubai Sports City will additionally consist of a wide range of property and commercial advancements anticipated in a world class city. Luxurious properties and world class global schools sit along with the hotels and excellent medical centers. A real community lifestyle, near to among the globes leading showing off locations.
There are a wide range of properties offered in Dubai Sports City, varying from luxury suites through to modern apartment or condos ensure that the city has something to use every taste and budget. Property growths such as the Cube and the Canal Residences have already been heavily purchased by both capitalists and residents alike, all keen to be a part of this absolutely iconic project in Dubai.
So exists a demand for Dubai Sports City, and just what does the future hold for a project such as this? In order to address this, it is necessary to examine the potential of this project in a number of differing contexts.
First of all, it’s place in Dubailand, in the heart of modern Dubai, and one of the world’s fastest growing economic situations. Today, contemporary Dubai is a modern, liberal, thriving economic situation, drawing in big levels of financial investment from overseas in addition to raising varieties of residents from around the world. Drawn in by elements consisting of the tax free condition and increasing residential property values, Dubai is gaining from among the globes fastest growing GDP’s. This regular growth in both the populace and the economic climate has actually seen a sustained level of demand for home in Dubai, which seems set to proceed for the future. This demand has actually seen unrivaled degrees of rate of interest in building in Dubai Sports City and key advancements in Dubai.
The second factor to consideration when looking at the demand and future for Dubai Sports City, is the growth, and raising abundance of visitors to Dubai. Current figures launched by the Division of Tourist and Commerce Marketing in Dubai have revealed hotel tenancy prices reaching degrees over of 85%, with the highest fill prices (over 90%) being discovered in the 5 star hotel classification. To summarise, the enhancing varieties of visitors to Dubai (estimated to be about 15 million by 2010), are progressively well-off with higher levels of disposable earnings. Iconic and unique tasks such as Dubai Sports City will most certainly verify extremely attractive to site visitors to Dubai, as they look for tasks outside of the typical venues of the beach and shopping center.
The third, and arguably most important aspect for factor to consider is the altering face of sporting activity itself, specifically the boosting globalisation of major sporting activities such as golf, tennis and football. Today, the contemporary sports follower has access to a boosting range of sports. The development of satellite television specifically has made sure that a Premier Organization football match in London might be viewed by a target market of billions around the globe. Today, Premier Organization games are consistently broadcast to over 600 million residences in 202 nations throughout the world. This level of accessibility to a wide range of sporting activities has never been seen prior to, and is bring to life a new, larger generation of global sports fan.
These global followers, that are spending raising amounts of loan to gain access to sporting events worldwide are likely to see Dubai Sports City as a leading global sporting activities place, offering them accessibility to their sporting hero’s that are normally based hundreds of miles away. Already leading sports teams have selected Dubai Sports City as a future place for training school and touring or pre-season matches. Needs to Dubai successfully bid for the Olympic Games (it is rumoured that they are taking into consideration a proposal), then the global focus on Dubai Sports City will certainly magnify also further.
Provided the above elements, it appears that the future is without a doubt bright for Dubai Sports City, and as the advancement slowly begins to form, it will certainly end up being a significantly integral part of the global sporting activities landscape.
Mark Burns works for Pure Residential or commercial property [http://www.pureproperty.tv] Overseas, UK real estate specialist selling residential or commercial property in Dubai [http://www.pureproperty.tv]