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COVID-19 UAE real estate market update

COVID-19 UAE real estate market update

With UAE real estate markets currently considered by many to be in a state of suspended animation – due to the ‘stay at home’ campaign in support of the nationwide disinfection programme, it will be crucial to see what price and transaction trends become evident once markets emerge from lockdown.

During the first 10 weeks of the year, property sales performed reasonably well. It was the final two weeks of the first quarter when brokers began to report drastic drops in enquiry numbers mainly due to buyers becoming more cautious and taking a wait and see approach, it will need to be seen what appetite exists and how market activity picks-up from where it left-off after a positive opening to the year. ValuStrat takes a deeper look.

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