25 January 2021
Dubai & Abu Dhabi Real Estate Market Overview FY 2020
The Dubai economy had shrunk by 10.8% in the first half of 2020, however by the end of the year it is forecasted to decline by 6.2% only. The improvement is due to the opening of the economy with strict measures and due to the stimulus packages provided by the Dubai government which amounted to a total of AED 6.8 Billion.
The general budget for the Dubai Government will be AED 57.1 Billion for 2021. The infrastructure and transportation sector has led to an allocation of 41% of the total spending. Security, justice and safety sees 22% of the total expenditure. Health, education, housing, women and children’s care, as well as developing reading and coding initiatives, represents 31% of total expenditure.
Residential Transaction Volume (Sales)
Residential Transaction Value (Sales)
Apartment vs Villa Transactions (Sales)
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