DUBAI WELCOME INTERNATIONAL INVESTORS

Dubai is a famous place for international real estate investors. Europeans and Asians are joining investors from other Gulf States to purchase into Dubai’s growth as a cosmopolitan city.

Dubai was in full lockdown in April 2020, partially in May and didn’t start opening up fully until June. Hence, the entire Q2 was affected by COVID-19. When it comes to real estate sales transactions, Dubai saw 5,605 sales transactions in Q2 2020 worth AED 11.05 billion. The secondary market saw 40 percent of the transactions in Q2 while off-plan accounted for 60 percent of the transactions. In June, the volume of sales transactions was 2,361 worth AED 4.9 billion and the secondary market, for the first time since the lockdown began had higher sales transactions in the secondary market than off-plan transactions at the end of Q2.

A strong June laid the foundation for a faster recovery and we are seeing patterns of a V-shaped recovery, which is characterized by a rapid rise following a decline, as we are back to the transaction levels of February and early March 2020.

In Q2 2020 Mo’asher show a 0.79% rise compared to Q1 same year with an index Value of AED 1.07 million and 15.3% compared to the base year Q1 2012. The monthly index scored 1.113 in June 2020 compared to 1.121 in May 2020 with an index value of AED 1.06 million.