Dubai will ease restrictions on personal movement and allow gyms and cinemas to open from Wednesday. Nightly restrictions will be pushed back from 8 pm to 11 pm and be lifted at 6 am each morning.
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For the first time, it was an Eid without social gatherings and gift exchanges for UAE residents.
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Rate of decline in real estate market values accelerates in April.
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The UAE was the eighth-most popular country searched by Chinese property buyers last year.
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Tenants, buyers look to escape crowded communities and enjoy personal outdoor space.
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Media reports claimed Dubai is seeking help from state fund Mubadala to cushion economic blow of COVID-19.
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COVID-19 pandemic impacts all segments of the UAE property market
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Despite the COVID-19 challenges which began to impact during the second half of March, this was considered as the best first quarter for ready home cash sales since 2014.
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Dubai’s real estate listings and mortgage aggregators has seen new trends and positive signs in the market over the past few weeks.
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Cavendish Maxwell released its Q1 2020 UAE Property Market Report, containing key data and trends for Dubai, Abu Dhabi and the Northern Emirates.
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A table of performance was created, and this is where the UAE, which scored highly on all counts, was ranked in the world’s top 10.
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Dubai's real estate sector has been largely unaffected in the first quarter of 2020.
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