Dubai’s property sector will sustain a positive momentum in the second half of 2021 as visa reforms, successful Covid-19 vaccination plan and government measures to support the economy spur demand and manage oversupply, experts say.
Villas continued to drive the recovery in Dubai real estate prices during the second quarter of 2021, according to consultants ValuStrat. Its ValuStrat Price Index, which has been expanded to cover more locations in the city, grew by 3.8 percent during the April to June period compared to the previous quarter.
Dubai Land Department (DLD) reported a total of 1,982 real estate and properties transactions with a gross value of Dhs7.7 billion during the week ending 24th June 2021.
Dubai: Here’s an alert for property buyers - prices of even the more affordable homes in Dubai could see a 10-12 per cent spike before year-end. Developers will have no option but raise their asking prices on ongoing projects if the cost of steel and other building materials continue to soar.
The zone aims to enhance the value of Al Quoz as a regional and global centre for designers and creatives who wish to live, create and work within it and from a professional and lifestyle perspective.
Dubai’s property sales transaction value hit a four-year high of Dh11.11 billion ($3.02bn) in May as the economy continues to recover from the coronavirus pandemic, according to listings portal Property Finder.
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