The sale and purchase of luxury apartments and villas in Dubai
have increased dramatically, with a total value of deals recorded
at 1.7 Durhams.
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| Frightened by the global epidemic Corona, the rich turned to Dubai, News Hub |
Dubai (News Hub update news) Dubai is one of the richest states in the world, inhabited by
big businessmen who have bought luxury properties to live in. Realizing that rich people from
all over the world are coming here, and they have started buying expensive properties. However,
business conditions in Dubai are not as good as they used to be due to restrictions in some areas
due to the coronavirus epidemic.
Despite this, the buying and selling of luxury apartments and villas have accelerated. According
to Al Arabiya News, March has been the busiest month in Dubai in terms of buying and selling
expensive properties. The total value of which is more than 10 million Durhams and this is a new
record in a month.
The total value of deals in March reached 1.7 billion Durhams.
The world's richest people are also flocking to Dubai because the UAE is relatively safe from
the 'Covid-19' and the process of vaccinating against corona in Dubai is in full swing.
That is
why businessmen are buying properties in Dubai with confidence. One of the reasons for buying
property in Dubai is the fall in property prices due to the Corona epidemic.
"We've seen a dramatic change in emotions, and prices are currently rising in all walks of life,"
said Timur Khan, head of research at Knight Frank.
According to a Bloomberg report, European
personalities are also involved in buying property in Dubai who is looking for a new field of
business.
The move comes as the UAE introduces a new visa for tourists, approving a new remote work
visa that allows employees around the world to live and work in the UAE, giving them a
residence permit in Dubai. Buying a property is one of the fastest ways to earn a living.
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