Rest assured that Dubai is getting back on its feet and offering a lot of opportunities for people looking for jobs, business, and investment. Even though every economic sector has been passing through an economic crisis due to the COVID-19 induced global pandemic, yet Dubai real estate sector remained attractive for global investors. The pandemic hit the economy hard in Dubai because international traveling was barred and expats were returning home countries due to widespread lay-offs.
As the demand for houses in Dubai fell down considerably, so did the rents – still there were empty buildings. However, the real estate sector has also been passing through a price correction phase, making it more attractive for serious buyers, who could not take action yet because of high property prices in the city.