CRC released Dubai Commercial Real Estate Market Report Q3 2021

CRC released Dubai Commercial Real Estate Market Report Q3 2021

CRC, Betterhomes Group company and Dubai’s largest commercial real estate agency, released the Q3 2021 Dubai Property Market Report, which provides an overview of Dubai’s commercial property market, looking into both sales and leasing. With prices picking up for the first time in several years, the volume and value of sales transactions increased significantly over the last quarter. The long-awaited Expo 2020 officially started on October 1st, further increasing positive business sentiment and opening doors to an increasing number of foreign investments which will create additional demand for commercial property. Commenting on the report Ben Bargh, Director at CRC, said “As we head into the final quarter of the year, it is safe to say that we are seeing major changes in the commercial real estate market. For the first time in over several years, prices are picking up again, with the market making an almost complete recovery, and returning to pre-pandemic levels.” “Restrictions that were implemented at the same time last year have been heavily lifted, allowing individuals to regain some semblance of normality and have greater trust in the current state of affairs. As such, it is clear that companies are increasingly more optimistic about the state of