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Impact Of COVID-19 On Dubai Real Estate
The breakout of the Chinese coronavirus on 31st December 2019 has started spreading. It has spread across other parts of the world and increased the death rate. Most countries have locked down their activities except the necessities to control the spread of coronavirus.
As a result, there is an impact of COVID-19 Dubai , as a result found several cases in the past few days. Though Dubai was the first to announce holidays for schools. In order to keep the children safe from COVID-19. Now the Dubai government has taken immediate action to lock down the complete city. To make sure to protect its citizens from spreading the virus further.
DUBAI HEALTH AUTHORITY
The standards of Dubai health care are considered high as they have invested in the health sector in their best economic years. Now Dubai Health Authority has proper equipment in facing coronavirus. And treating its citizens at its best. Dubai has the best doctors from all over the globe. This fact is giving a leading edge in fighting against coronavirus effectively. With many patients getting cured of COVID-19.
IMPACTS ON REAL ESTATE
Coronavirus has affected all the sectors and a huge downfall in stocks as well. Though Dubai real estate does not look much affected. As Dubai, the real estate market is so fast in adopting the new trends and helping the buyers in all aspects. Dubai Land Development authority has played a huge role in keeping the demand for investing in Dubai property.
Though few developers are giving 100% DLD waiver for a few properties. The investors can now ask for a further discount as all other sectors are looking downfall and make huge gains on that. Yes, though the city is under complete lockdown a few developers are allowing for site visits. And meetings at certain time schedules for its investors as well as end-user buyers. Dubai property management is easy compared to many cities around the world. This makes a big advantage of investing in Dubai property.
If you are worried about what will happen to your investment in Dubai and how you can invest safely and get maximum ROI, you can speak directly to our CEO.
You can also call us at +971 585808989 and get free consultation about this.