Dubai property prices remain fairly stable in first half of 2020 despite Covid-19 restrictions – The National

Dubai property prices remain fairly stable in first half of 2020 despite Covid-19 restrictions – The National

Prices declined by 4% during the period compared to the second half, according to a report from Bayut and dubizzle

















In the first half of 2020, demand has increased for established family-friendly neighbourhoods in Dubai, as per the combined data released by Bayut and dubizzle. Antonie Robertson / The National







Property prices and rents in some of Dubai's popular communities remained fairly stable in the first half of 2020 despite movement restrictions introduced by the government to contain the spread of coronavirus pandemic, according to a report by listings portals Bayut and dubizzle.



Real estate prices declined by less than 4 per cent during the period when compared to the second half of 2019, the report showed.



Dubai's property sector "has adapted and stayed resilient during the pandemic, with the brokerage community turning to innovative virtual tools to facilitate real estate activity and stay connected with prospective buyers and tenants,“ Haider Ali Khan, chief executive of Bayut and dubizzle said in a statement on Wednesday. "The combined traffic to Bayut and dubizzle during the months of May and June were as high as 6.9 million and 7.3 million sessions respectively,