Dubai to host 2024 Olympic Games?

05/12/2012 - Dubai Lifestyle News Posted by Neil King
Dubai to host 2024 Olympic Games?

Dubai is lining up an official bid to host the Olympic Games in the summer of 2024, it has emerged.Abdulrahman Falaknaz, finance director for the UAE National Olympic Committee (NOC), told the National that plans will be made as soon as the government gives the green light.No city in the Middle East has staged the sporting showpiece before, so this has the potential to be a landmark moment and Mr Falaknaz is very confident that the emirate will be successful in its conquest."The UAE has the infrastructure, capability, manpower and know-how to host such events. There is pressure on cities when they host huge events like the Olympics, but Dubai and the UAE can take it," he was quoted as saying.Mr Falaknaz highlighted the fact the UAE has hosted a range of high-profile events in the past few years, including the International Monetary Fund annual meeting, the World Youth Cup and a major Formula 1 Grand Prix.He also confirmed the NOC had been getting tips from previous host cities - such as Sydney, Beijing and London - to ensure the Games run smoothly should Dubai be successful in its bid.The bidding process will start in 2015 and the winner will be announced two years later.Dubai is likely to face a lot of competition, as Paris, Berlin, Rome, Doha, Durban, Los Angeles, Nairobi and a number of other cities have suggested they also want to stage the event. That said, it is highly unlikely that all of these destinations will submit formal bids.It goes without saying that property investors who hold assets in Dubai will benefit hugely if the emirate is awarded the 2024 Games.As we saw in London 2012, thousands and thousands of people will travel to the event, which is great news for local businesses.People who have hotels or apartments will no doubt see the demand for rooms spiral upwards once the summer sporting extravaganza gets underway.