It is found that there will be an increase in rates of houses in Dubai due to higher demand and a slowdown of project launches since 2017.
After some research, they found that there was a 1.2% monthly rise in residential values in April., the highest monthly growth rate in seven years.
Demand for residential rate estate has been increasing faster than expected, and there is a shift in demand patterns due to COVID-19.
The recovery is taking a longer duration than expected, the market is recovering slowly but it is expected that the recovery will take 12-24 months to settle everything.
It was reported that we faced a huge loss recently, economic slowdown is the biggest downside risk to the housing market.
They said that they have been spending a large part of their time focusing on the estate market where they can offer as much transparency as possible to investors.
They adapted the situation immediately of COVID-19 very quickly, all the commercial, residential, estate, retail and all the other sectors brings a together different type of estate sectors and supporting industries.
We always saw fluctuation in prices in the real estate market but we saw a great growth because we are starting to see a change in mechanism too.
All the fluctuations start to level out and that will come towards the end of this year. We hope to see more stability back in the markets.