The new initiative is aimed at attracting investment into hotel or serviced apartment projects.

Majority of Dubai based developers are now offering attractive discounts to lure customers, including overseas customers.

Inside the Dh120 million Dubai Palm Jumeirah mansion that comes with a Ferrari, Rolls Royce and two cinemas

The figures indicate that Dubai’s real estate sector is gradually returning to normal, driven by the stimulus packages and initiatives launched by the government and its departments in the past few months.

Developers are adapting to the current situation by introducing attractive payment plans and some offer other benefits as well.

The Emirate registered six sales above $10m between March and June,

The Hope orbiter will arrive in February 2021 to begin a two-year survey of the weather on the red planet.

Lockdown caused delay in transferring properties, however transaction levels remained consistent with over a thousand transactions month-on-month.

Investors have been waiting for more than a year despite projects being near-ready.

As per the Dubai Land Department's data, 15,897 sales transactions were recorded in Dubai between January to June 2020, amounting to a total value of Dh32.5 billion.

The construction begins following the sale of 594 total units in phases one and two of Elan,

April-June quarter witnessed no new office space handovers in Dubai and Abu Dhabi.