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Dubai real estate market remains stable

Рынок недвижимости Дубая остается стабилен

Dubai real estate market remains stable

The Dubai real estate market, which is showing signs of stability in the first quarter of 2020, has not had much impact from the coronavirus pandemic, according to statistics. Prices for apartments in Dubai remained at the same level and even slightly increased compared to the end of last year.

Despite the possible postponement of Expo-2020, the demand for housing located near the exhibition site has increased. The Villa community remains the most popular destination for buyers of apartments in Dubai. The price per square meter here has remained almost unchanged and averages up to $1,960.
< br> The average cost per square meter in Palm Jumeirah rose by 5.3 percent to $6,465. A square in Arabian Ranches rose 2.5 percent to $2,646. Permanently competitive prices attract potential buyers of apartments in Dubai.

Transaction volumes in Dubai in the first quartile of the year too increased. A total of 10,272 transactions worth $5.7 billion were registered. This is a significant increase, given that in the last quarter of last year, there were 8,021 transactions worth 4.3 billion. Permanently competitive prices attract potential buyers of apartments in Dubai.

Transaction volumes in Dubai in the first quartile of the year too increased. A total of 10,272 transactions worth $5.7 billion were registered. This is a significant increase, given that in the last quarter of last year, there were 8,021 transactions worth 4.3 billion. Permanently competitive prices attract potential buyers of apartments in Dubai.

Transaction volumes in Dubai in the first quartile of the year too increased. A total of 10,272 transactions worth $5.7 billion were registered. This is a significant increase, given that in the last quarter of last year, there were 8,021 transactions worth 4.3 billion.
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