The first half of 2020 was pretty shaken up by the corona virus. Logically, this has also hit the real estate market in Dubai. However, one after the other...
After a 3-month entry ban for residence visa holders and tourists, Dubai has been open to all since July 7.
On 23 June 2020, the first expats with valid residence visas were finally able to re-enter the country. Among them was Marc Schwitter, who had been stranded in Switzerland since mid-March.
Due to the global COVID-19 pandemic, the international mega-event has been postponed until next year. The postponement will allow all participants from around the world to safely cope with the impact of COVID-19.
The Expo will now take place from 1 October 2021 to 31 March 2022. The name 'Expo 2020' will continue to be used.
The virus has not left Dubai unscathed. Towards the end of March, the first Corona cases were officially made public and the first measures were introduced. Shortly afterwards, on 4 April 2020, a national lockdown was imposed. Similar to Europe, all non-essential shops and businesses were closed.
Our assessment of the Dubai real estate market is confirmed again this year. In a global comparison, real estate in Dubai is assessed as 'fair-valued', with a decrease of 0.14 points compared to the previous year 2019