Bayut and dubizzle’s Q3 2020 Market Report: Number of real estate transactions rise in Dubai as prices continue to remain favourable for buyers and tenants

Bayut and dubizzle’s Q3 2020 Market Report: Number of real estate transactions rise in Dubai as prices continue to remain favourable for buyers and tenants

Bayut and dubizzle's Q3 2020 Market Report: Number of real estate transactions rise in Dubai as prices continue to remain favourable for buyers and tenants

Dubai's real estate market has seen some promising signs of stability with most commercial activities resuming across the emirate. As per Bayut and dubizzle's combined market report for Q3 2020, prices have remained competitive, with most established neighbourhoods reporting minor declines of under 5% in both rental and sales markets. The number of transactions have also gone up in most of the popular residential neighbourhoods, highlighting the appeal of Dubai as an attractive destination for property investment. Other recent announcements including the first-of-its-kind retirement visa scheme, spearheaded by the Department of Tourism and Commerce Marketing, and the updated dates for the EXPO have also kept the