A large number of Gulf-based expats are looking to move in the next 12 months due to the coronavirus pandemic, with value-for-money their main priority when seeking a new property.
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Real Estate Activity Increases as Prices Fall to 2010 Lows
Increasingly affordable property prices in Dubai are fueling significant growth in sales activity as residential values drop towards those last seen after the global economic crisis a decade ago.
UAE Real Estate Markets in a Post-Covid World
“While we expect residential prices and rents to decline further over the second half of 2020 – a result of challenging economic conditions and a declining expatriate population – there are positives to draw from Q2 that will support Dubai’s residential sector moving forward,” says Chris Hobden, head of strategic consultancy at Chestertons MENA.
Real estate activity booms as Dubai property prices slip to near 2010 lows
New data suggests increasingly affordable property prices in Dubai are fueling significant growth in sales activity
Dubai South offers Rent-to-Own Scheme for Tenants
A 10-year "rent-to-own" scheme at in Dubai South.
Bigger homes next trend in UAE as residents spend more time working from home
More residents are likely to choose home options that offer extra space – its need has become magnified after the experience of spending long hours and days in homes that suddenly seemed too cramped for their requirements.
Dubai Real Estate Sales Surge as Dollar Weakens
There is a renewed surge in Dubai property sales, particularly from overseas investors, mainly from the UK and European Union who are benefiting from the weak performance of the US dollar over the past four months, according to Devmark, a UAE-based real-estate consultancy and advisory firm.
Pandemic spurs Demand for Spacious Homes
The pandemic outbreak and the ensuing lockdown have started to influence lifestyle changes and real estate preferences, with buyers increasingly looking for spacious apartments or detached houses with gardens.
Dubai among most affordable prime property markets globally
Dubai's property market became more competitive globally, as prime residential property capital values declined 3 per cent in the first half of 2020, while Seoul recorded the biggest price rise in the same period, Savills said.
Dubai’s real estate activity is ‘impressive’ despite the virus
Despite the global pandemic, Dubai has seen “impressive levels” of real estate transactions over the past few months, the chief commercial officer of a United Arab Emirates-based property developer said last week.