Kamil Magomedov: Real Estate Marvel at Expo City
Deal News | Feb 05, 2025 | Zawya

In a remarkable display of market momentum, Provident Real Estate's agent, Kamil Magomedov, accomplished the extraordinary feat of selling three complete buildings in less than seven hours at Dubai's emergent Expo City. As Dubai envisions transforming Expo City into a pivotal hub for business and leisure, the area is poised for astronomical growth, aiming to host 2.5 million annual visitors by 2026 and more than double that a few years later. With a current undersupply of properties and a rapidly growing demand, investors eye the potential for rental yields rising to 16%, far surpassing the city's average. Expo City's strategic significance is underscored by its growing reputation as a venue for over 300 annual events, further enhancing its allure for investors seeking high returns. Provident Real Estate, a trusted entity since 2008, is advancing its role in guiding investors through the evolving landscape marked by limited supply and soaring demand. With such dynamic elements, Expo City's real estate scene is a frontier for lucrative opportunities.
Sectors
- Real Estate
- Investment
- Events and Hospitality
Geography
- United Arab Emirates – The entire discussion is centered around Expo City in Dubai, UAE, highlighting real estate and investment trends in the region.
- Dubai – As the specific location of Expo City and the primary focus of the article, Dubai is crucial to the geographical context of the real estate developments being discussed.
Industry
- Real Estate – This article focuses on the sale of buildings and investment opportunities within Expo City, making it highly relevant to the Real Estate industry.
- Investment – The article discusses lucrative investment opportunities and potential yields in Expo City, which is significant for those interested in the field of investment.
- Events and Hospitality – Expo City aims to become a major hub with numerous annual events, suggesting relevance to the Events and Hospitality sector.
Financials
- 13-16% – Projected rental yield potential for investments in Expo City, significantly above the Dubai city average.
- 1,100-1,100+ units – Current and projected property unit availability in Expo City, illustrating the demand-supply gap.
Participants
Name | Role | Type | Description |
---|---|---|---|
Provident Real Estate | Selling Company | Company | Provident Real Estate is a real estate firm involved in the sale transaction of three buildings in Expo City, Dubai. |
Kamil Magomedov | Real Estate Agent | Person | A leading agent at Provident Real Estate responsible for the record-breaking sale of three buildings in Expo City. |
Expo City | Target Location | Other (Real Estate Development) | An emerging business and residential hub in Dubai, the site of the recent real estate sales. |