Dubai real estate sales increase as dollar weakens

Posted on August 31, 2020

Total value of real estate transactions in the Dubai residential market was at $2.72bln in the Q2 UK and European Union buyers have been investing Dubai’s real estate market as they are benefiting from the weak performance of the US dollar over the past four months Development projects in Dubai have become 14.8% and 11.2% cheaper depending on transaction done in either euros or sterling However, the total value of real estate transactions is still down 40% year-on-year