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COVID-19 and the growth of the Dubai real estate market

COVID-19 and the growth of the Dubai real estate market

With a detailed analysis of data on real estate sales transactions in April, May and June 2021 with similar periods in 2020 and 2019, the growth of the market becomes obvious. To some extent, the COVID-19 pandemic has become an accelerator for the growth of the Arab real estate sector.

Despite the fact that the trends of this year kept many, including buyers and owners, in suspense, the monthly growth and record months for purchase and sale transactions, high investment demand from residents and foreign investment, as well as the rise in real estate prices in prestigious, popular communities ultimately exceeded all expectations.

In June, Dubai recorded the highest volume of real estate purchase and sale transactions – 6,388 transactions worth 14.79 billion AED, resulting in the total value of transactions for the year amounted to 61.97 billion AED. At the moment, the market continues to demonstrate dynamic development.

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