Recent releases have been met with sustained demand.
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Thanks to its successful handling of the COVID-19, the city’s attraction has ballooned substantially since the outbreak of the pandemic.
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Figures released by Property Finder revealed that June saw the highest monthly volume of property sales transactions since December 2013
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Behaviours shifted during the year and key trends emerged based on activity and data
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The emirate’s real estate sector has witnessed signs of a rebound in the wake of easing Covid-19 restrictions
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A total of 2,457 properties worth Dh4.73bn were sold last month, an annual increase of 11.3%
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Dubai saw 5,605 sales transactions in Q2 2020.
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Developers are adapting to the current situation by introducing attractive payment plans and some offer other benefits as well.
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The Emirate registered six sales above $10m between March and June,
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Lockdown caused delay in transferring properties, however transaction levels remained consistent with over a thousand transactions month-on-month.
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Over the last three weeks, the number of real estate transactions has been consistently increasing by nearly 11 percent on average.
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There were more than 570 transactions per week on average in June and the secondary property market in Dubai has recovered to pre-coronavirus levels.
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