Post-lockdown, where are Dubai investors buying properties? – ZAWYA

Post-lockdown, where are Dubai investors buying properties? – ZAWYA

Post-lockdown, where are Dubai investors buying properties? | ZAWYA MENA Edition HomeWealthAlternative InvestmentsArticlePost-lockdown, where are Dubai investors buying properties? Property sales for whole month of June up 60%, driven by low interest rates, prices    Image used for illustrative purpose. Dubai Marina Urban Skyline.Low interest rates and falling prices have convinced a number of property buyers to swing back into action after Dubai ended its lockdown.Total real-estate sales transactions grew by 60 percent in June, with an average of around 570 properties sold in Dubai every seven days. Buyers were not only acquiring off-plan properties; they were snapping up secondary units as well, according to the latest data from Property Finder."Some real-estate agencies are having record-breaking months,“ said Lynnette Abad, Director of Research and Data at Property Finder. "Mortgage enquiries are high, interest rates are at an all-time low and the banks are giving their best offers yet.“Total real-estate sales transactions grew by 60 percent in June, with an average of around 570 properties sold in Dubai every seven days. Buyers were not only acquiring off-plan properties; they were snapping up secondary units as well, according to the latest data from Property Finder.Low interest rates and falling prices have convinced