Cash buyers are snapping up Dubai properties as prices plummet – ZAWYA

Cash buyers are snapping up Dubai properties as prices plummet – ZAWYA

Cash buyers are snapping up Dubai properties as prices plummet | ZAWYA MENA Edition HomeWealthAlternative InvestmentsArticleCash buyers are snapping up Dubai properties as prices plummet Cash sales transactions for whole month of June up 26% as restrictions ease    Glamour Dubai. Image used for illustrative purpose.Sales of villas and apartments in Dubai have increased following the easing of COVID-19 related lockdowns, and if you are a cash buyer, now might be the time to invest in real estate. In a report published this Monday, consultancy firm ValuStrat said that cash sales transactions for the whole month of June were up by 26 percent compared to May, indicating a huge amount of pent-up demand among investors.Plummeting real-estate prices were also a major driving factor, with buyers snapping up completed units at beaten-down prices rather than off-plan properties. ValuStrat's latest index showed that real estate capital values in Dubai continued to soften, with prices hitting their lowest level in a decade in May, down by 1.9 percent compared to April and 12.5 percent from a year ago.In a report published this Monday, consultancy firm ValuStrat said that cash sales transactions for the whole month of June were up by 26 percent compared to