Real estate recovers steadily from the impact of Covid-19 and oversupply.
Secondary residential property sales in November 2020 broke a seven-year record as local real estate steadily recovers from the impact of the pandemic and oversupply.

The top areas for secondary apartment sales in November 2020 were Dubai Marina, Business Bay, Barsha Heights (Tecom), Downtown Dubai and Jumeirah Village Circle, real estate website Property Finder said on Monday.The top areas for secondary villa/townhouse sales were Green Community, Arabian Ranches, Town Square, Nadd Al Sheba and Dubai Hills Estate.

According to Property Finder, 3,928 transactions worth Dh7.65 billion took place in Dubai last month — the highest in nine months. Of these, 61 per cent were in the secondary market and the rest in the off-plan market.
By value, 74.4 per cent was for secondary transactions.