Impact of Covid-19 on real estate market
                     Impact of Covid-19 on real estate market in Dubai
Compared to other nations in the area, the UAE's real estate market has a few distinct characteristics. There are a lot a 
greater number of ostracizes in the United Arab Emirates than there are locals, which impacts their inclinations and 
thought while searching for another area to live. It is common practise in the UAE for residents to buy a condo as a 
hedge against growth or a resource for the next generation, but ex-taps accept that they will return to their country of 
origin eventually and that private stock is not open to outsiders, so property ownership for ex-taps is accessible in t. 
People in the nation are influenced by these views when it comes to purchasing goods and services.
Until now, how has the industry been affected?
•With the spread of COVID-19, the overstock situation in the United Arab Emirates and notably in Dubai 
intensified. Over 60000 local units are expected to be finished this year, the largest amount since 2008, 
according to Knight Franck, in February 2020. Moody predicted that the pandemic would negatively impact the 
housing market, which was already experiencing chronic imbalances.
•The UAE's property market will remain occupant friendly until the second quarter of 2020, according to 
McKinney, which expects developers to keep offering incentives and sponsorships like expense waivers, limits, 
lease-to-own, and bank connections to attract new financiers and end-clients hoping to profit from lower costs 
in the private area, which has seen development activity rise.
What's Happening Now:
Positive and negative perspectives on how a pandemic would influence the UAE real estate business were 
discussed in the uncertain days of Covid-19. On the other hand, both estimates said that the next trend in the 
industry would be one of modernism and inclusion. Taking into consideration, the following insights might 
assist developers in standing out from the competitors in the current crisis:
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