The Emirate’s property sector proves resilient during coronavirus period, completed 30 per cent of 45,720 units in H1.
Dubai’s real estate is expected to gain momentum in coming months, with economic activities having resumed and developers racing against time to complete their announced projects ahead of Expo 2020, experts said.
Analysts and industry executives said the emirate’s property sector has proved its resilience during the coronavirus outbreak by completing around 30 per cent of an announced 45,720 residential units during the first half of 2020.
In its latest first-half report, real estate consultancy ValuStrat said approximately 14,000 residential units were completed during the January-June period this year. It is estimated that 34,917 apartments and 10,803 villas are under construction and will come online this year as developers are keen to complete their projects before the Expo, which was rescheduled to October 2021.
