Dubai’s real estate activity is ‘impressive’ despite the virus, property developer says following fall in sales – CNBC

Despite the global pandemic, Dubai has seen “impressive levels” of real estate transactions over the past few months, the chief commercial officer of a United Arab Emirates-based property developer said last week.
Aqil Kazim of Nakheel’s comments come even as real estate transactions in the second quarter of 2020 plummeted 38.8% compared to the same period last year. There were 5,559 transactions in the April to June quarter this year, down from 9,088 in 2019, according to the Dubai Land Depart…

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