With the year coming to a close and COVID-19 taking a toll on the entire economy, you may be wondering how it has been affecting the housing market and what the new year has in store for the industry. Well, the housing market has remained strong, while picking up some different trends than previous years.
This broad-based buying spree, which has pushed prices and sales to multi-year highs, has some parallels with a housing market boom seen in late 2009 as Singapore emerged from the global financial crisis. That forced the government to initiate several rounds of cooling measures to cap surging prices.
While revenue climbed 43% to 1.3 billion dirhams in the July-September period, the owner of the only Trump-branded golf course in the Middle East swung to a quarterly loss from a 60 million dirham profit in the same period a year ago.