Real Estate Sales transactions grow by +60% in June 2020 – ZAWYA

Real Estate Sales transactions grow by +60% in June 2020 – ZAWYA

Real Estate Sales transactions grow by +60% in June 2020 | ZAWYA MENA Edition HomeArticleReal Estate Sales transactions grow by +60% in June 2020 As we see stability return to the Dubai real estate market    Highlights include:June 2020 grew by 60.3 percent month-on-month when compared to May 2020Q2 2020 had 5,564 total sales transactions worth AED 10.88 billion.2020 has had 15,893 total sales transactions worth AED 32.49 billion .Dubai:  For the last 4 weeks the Dubai real estate market has been transacting more than 570 sales transactions weekly on average. These figures only returned after the secondary market bounced back and are back to pre-covid levels. The past three weeks the number of weekly real estate sales transactions have been consistently increasing by almost 11 percent on average .Q2 2020 had 5,564 total sales transactions worth AED 10.88 billion which is half of what transacted in Q1 2020. A strong June laid the foundation for a faster recovery and we are seeing patterns of a  V shaped recovery as  we are back to the transaction levels of February and early March 2020.This brings the year-to-date total of 15,893 total sales transactions worth AED 32.49 billion.Q2 2020 had 5,564 total