The Dubai Land Department introduced a new service that links real estate owners with brokers to help them sell or rent their property, with the aim of improving communication, reducing complaints and boosting transactions.
All in Sellers
The Dubai Land Department introduced a new service that links real estate owners with brokers to help them sell or rent their property, with the aim of improving communication, reducing complaints and boosting transactions.
UAE Tenants take advantage of Lower Rents and Sales Prices to upgrade their homes
Property transaction levels in Dubai in June hit what was previously recorded in February, setting a foundation for recovery of the local property sector for the second-half of 2020.
The process of buying, renting or selling property is still largely conducted offline, but as the coronavirus pandemic has restricted movement, demand for a distanced approach to finding property is on the rise, paving the way for greater digitisation in the sector.
Dubai’s economy will likely suffer a “significant shock” this year as the coronavirus pandemic and its consequences weigh on most sectors in the Middle East’s business hub, according to S&P Global Ratings.
Dubai’s real estate market has been transacting an average of 570 sales transactions each week on average for the last month. Over the last three weeks, the number of real estate transactions has been consistently increasing by nearly 11 percent on average.