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Dubai: Residential Property Sales Activity Soars in Q3 Due to the Fall of Rental Rates
October 15th, 2020 - 09:30 GMT

Dubai: Residential Property Sales Activity Soars in Q3 Due to the Fall of Rental Rates

Despite a quarterly rise in property sales during the third quarter, Dubai’s real estate market is expected to face further challenges in both the rental and sales market, according to leading international property consultancy firm Chestertons. There had been increased sales activity in the third quarter, which rose by 50% Q-on-Q, largely attributed to pent up demand from Q2, along with developer promotions offered to clear built but unsold inventory ...
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