Press Releases

May 29, 2020

Quarterly Report Dubai Q1 2020: Retail Market Overview

The closure of retail malls has heaped pressure on operators and retailers, with e-commerce replacing traditional shopping habits The retail market, alongside the hospitality sector, was severely hit by the COVID-19 outbreak. Shopping malls, with the exception of supermarkets, pharmacies, and co-operatives, were ordered to shut down in late March as a precautionary measure to […] Continue reading

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May 29, 2020

Quarterly Report Dubai Q1 2020: Hospitality Market Overview

The shutdown of hotels due to COVID-19 drastically diminishes hotel revenues Following the outbreak of COVID-19 in early March 2020, the UAE has taken significant measures in the tourism and hospitality sector to contain the outbreak of the virus. These include grounding all passenger flights and the closing of hotels, spa and wellness facilities, amusement […] Continue reading

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May 29, 2020

Quarterly Report Dubai Q1 2020: Residential Market Overview

The outbreak of the COVID-19 has impacted demand while the increase in supply remains consistent Residential transactions were not significantly affected by the outbreak of COVID-19 in Q1. The registered no. of residential sales was 9,591 (off-plan and ready units), a 13.5% increase compared to the same period 2019 (8,454). This can be explained in […] Continue reading

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May 29, 2020

Quarterly Report Dubai Q1 2020: Office Market Overview

Unprecedented market conditions to add more challenges for both occupiers and landlords The outbreak of COVID-19 pushed government authorities to impose restrictions on individuals’ movement, which has affected most business activities. All office-based activities, including companies working in the professional services sector, have now implemented a ‘work-from-home’ strategy. Local authorities introduced measures that will offer […] Continue reading

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