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Market Review: 

The impact of COVID-19 on Real Estate and where to invest

The outbreak of the Coronavirus has greatly impacted global and national economies. In the UAE, the construction, development, and property markets have also been greatly impacted due to this pandemic.

The outbreak of the Coronavirus has greatly impacted global and national economies. In the UAE, the construction, development, and property markets have also been greatly impacted due to this pandemic. Property markets across the GCC, are trying to keep afloat despite the several travel restrictions which have limited the influx of investors thus affecting their businesses. Owing to the current situation, Real Estate as a capital investment is an aspect one would definitely need to reconsider; hence it is imperative to analyze the most secure investment options and make decisions accordingly. Employment in several industries tourism and retail, in particular, will be negatively impacted considering these situations.  Land as an investment option during the time of a crisis is much more profitable, given its better resale value in comparison to residential properties. Besides, prices of land and property taxes from plots are relatively low as opposed to apartments. Over the past years, plots of land have shown greater appreciation values making their purchase a lucrative option that guarantees high returns. The land is a tangible asset in contrast to stocks and shares; and because its demand is more than supply, it can definitely yield profits.