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Lower prices, recovery set to lift UAE’s property sector issacjohn@khaleejtimes.com Filed on February 18, 2021 In Dubai, a large number of project completions over the last few years and the handover of an additional 39,000 units in 2020 were among the primary reasons for the general drop in prices Lower prices and the completion of ongoing infrastructure projects along with various supportive measures launched by the government in 2020 to revive the economy will have a positive impact on the UAE real estate market going forward, according to real estate analysts. The introduction of a stimulus package by the Central Bank of the UAE was a shot-in-the-arm to the property market once lockdown restrictions were eased. “We witnessed a gradual increase in demand, especially across the residential sector in H2 2020,” Richard Paul, head of Professional Services & Consultancy Middle East, Savills, wrote.

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