Dubai – Mubasher: Property Finder, an online property portal that helps buyers and renters in the MENA region find a home, reported a surge in real estate transactions in Dubai during the early months of 2020, ahead of concerns regarding the coronavirus (COVID-19) pandemic.
The latest data by Dubai Land Department has shown a 12% year-on-year (YoY) increase in Dubai’s total number of transactions during January 2020, according to a press release on Tuesday.
In February 2020, the transactions soared by 33% YoY, with a 76% hike in off-plan transactions, with a total value of AED 9.4 billion.
Property Finder’s president, Ari Kesisoglu, said: “We believe the upsurge in interest year-on-year shows that Dubai’s economy remains globally significant, and Expo 2020 is causing a noticeable spike in property purchases ahead of the October event.”
