Dubai property market set for V-shaped recovery – ZAWYA

  • Date: 09-Jul-2020
  • Source: Zawya
  • Sector:Real Estate
  • Country:UAE
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Dubai property market set for V-shaped recovery – ZAWYA

Dubai property market set for V-shaped recovery | ZAWYA MENA Edition HomeBusinessReal EstateArticleDubai property market set for V-shaped recovery Strong June transactions lay foundation for rebound; more units being sold    Image used for illustrative purpose. A beautiful view of Dubai Marina and JBR. Real estate sale transactions in Dubai jumped by 60 per cent month-on-month in June 2020 signalling patterns of a V-shaped recovery, according to developers and property experts.Real estate portal Property Finder said the sector in Dubai has been transacting more than 570 sales transactions weekly on average over the past several weeks as the secondary market bounced back to pre-Covid levels."During the past three weeks the number of weekly real estate sales transactions has been consistently increasing by almost 11 per cent on average," the portal said in its report.Real estate portal Property Finder said the sector in Dubai has been transacting more than 570 sales transactions weekly on average over the past several weeks as the secondary market bounced back to pre-Covid levels.Real estate sale transactions in Dubai jumped by 60 per cent month-on-month in June 2020 signalling patterns of a V-shaped recovery, according to developers and property experts."During the past three weeks the number