Dubai developers attract buyers with discounts and special offers

Developers have resumed sales of residential properties in Dubai under construction after a weak Q2 2020, focusing on promotional offers and incentives to attract buyers . Buyers are attracted in ways such as reduced upfront payments on buying an apartment, cash discount, no commissions, free months of rent and fee offset Dubai apartments prices have been declining over the past 12 months. According to Chestertons Mena, the cost of apartments in Dubai fell by an average of 9.5 percent year on year, and villas by 7.2 percent. Deal volumes remain low due to oversupply coupled with the economic downturn caused by the COVID-19 pandemic.

On September 2, Prime Minister Mikhail Mishustin signed a decree on the launch of international flights with the UAE, Egypt and the Maldives on a reciprocal basis. Flights from Russia to Dubai will depart twice a week. On September 2, Prime Minister Mikhail Mishustin signed an order to launch international flights with the United Arab Emirates, Egypt and the Maldives on a reciprocal basis. Flights from Russia to Dubai will depart twice a week. On September 2, Prime Minister Mikhail Mishustin signed an order to launch international flights with the United Arab Emirates, Egypt and the Maldives on a reciprocal basis. Flights from Russia to Dubai will depart twice a week.