The figures indicate that Dubai’s real estate sector is gradually returning to normal, driven by the stimulus packages and initiatives launched by the government and its departments in the past few months.
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Developers are adapting to the current situation by introducing attractive payment plans and some offer other benefits as well.
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The Emirate registered six sales above $10m between March and June,
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The Hope orbiter will arrive in February 2021 to begin a two-year survey of the weather on the red planet.
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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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