Lockdown caused delay in transferring properties, however transaction levels remained consistent with over a thousand transactions month-on-month.
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Investors have been waiting for more than a year despite projects being near-ready.
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As per the Dubai Land Department's data, 15,897 sales transactions were recorded in Dubai between January to June 2020, amounting to a total value of Dh32.5 billion.
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The construction begins following the sale of 594 total units in phases one and two of Elan,
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April-June quarter witnessed no new office space handovers in Dubai and Abu Dhabi.
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Over the last three weeks, the number of real estate transactions has been consistently increasing by nearly 11 percent on average.
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There were more than 570 transactions per week on average in June and the secondary property market in Dubai has recovered to pre-coronavirus levels.
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Damac Properties slipped to a loss in Q1 2020 despite higher revenue.
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In the first five months of 2020, a total of 13,590 sales transactions were recorded were recorded, collectively worth AED 27.8 billion.
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Times are challenging but the desire for people to visit, live and work in the UAE has not diminished
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The first stage of the project links Dubai-Al Ain Road and Al Khail Road heading to Dubai Creek Harbour.
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Sales of completed units up 9% in June compared to May
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