First-time buyers snap up properties in Dubai after pandemic drives prices down
advantage of falling property prices caused by the Covid-19 pandemic to buy their first homes in the emirate. The National spoke to first-time buyers who benefited from the unexpected opportunity to put down roots in Dubai. Property prices were 8 per cent lower year-on-year in Dubai and 4 per cent lower in Abu Dhabi during the fourth quarter of 2020, in part because of the wide-ranging economic effects of coronavirus. It turned out that having a mortgage and renting a property would end up costing me around the same anyway Tariq Rao “I was initially thinking of upgrading by renting a big...
Source: thenationalnews.com