Despite the global pandemic, Dubai has seen "impressive levels" of real estate transactions over the past few months, the chief commercial officer of a United Arab Emirates-based property developer said last week.
"But you know, despite these circumstances, we have witnessed impressive levels of real estate activity in the last few months," he told CNBC'sJet skis pass by residential skyscrapers on the waterside in the Dubai Marina district in Dubai, United Arab Emirates, on Monday, June 8, 2020.Transaction volumes for the first half of the year fell 12.4% from the first half of 2019, after rising in the first quarter.
Real estate services firm Asteco said the reduction of the loan-to-value ratio and a "partial release of pent-up buyer demand" resulted in an "immediate bounce" in sales toward the end of the second quarter, after movement restrictions were lifted.
Bcuz people think that place is safest and peaceful Whereas situations quite different This is going to be most dangerous place in the world
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