Dubai real estate market 'positive' through Q1'20

Dubai's real estate market displayed several encouraging signs over Q1, including an annual rise in sales volume as well as a downturn in the pace of value declines. The positive sentiment of the market is likely to be tempered in the near-term, owing to the COVID-19 outbreak and impact, according to real estate services firm Chestertons' recent report titled Observer: Dubai Residential Report Q1 2020. Q1 2020 saw the introduction of a total of 4,458 units across all freehold areas in the emirate; approximately, a 30% decrease compared to Q1 2019.