UAE’s property sector on solid track despite COVID-19 challenges – Gulf Today

UAE’s property sector on solid track despite COVID-19 challenges – Gulf Today

The company is developing 8 projects in Abu Dhabi and Dubai, providing about 3150 housing units, 2425 of which are within 6 Abu Dhabi projects, while 719 units are within two projects in Dubai.. Dubai Real Estate sales topped Dhs 24.75b from January 2020 to April, whereas data from the Dubai Land Department showed 12105 sales transactions in the first four months of this year.. Alkhamees added that sales in some projects in Abu Dhabi are still robust emphasizing that sales in the "Oasis Residence 1" project which will add 612 apartments in Masdar City, were up 90%, whereas in "Oasis Residence 2" which provides about 304 housing units, were up to 83%.. Other projects in Abu Dhabi include "Al Raha Loft 1" which provides 164 housing units in Al Raha Beach area, and "Al Raha Loft 2" which provides 110 housing units..