COVID-19 Response and Financial Performance
Significant focus on precautionary safety measures as key
sectors gradually recover
Private sector activities return back following gradual opening of
economic sectors.
Authorities have reiterated to the public the importance of
adhering to safety guidelines, with zero tolerance approach
towards violators.
Travel on gradual return, with Emirates Airlines now flying to
100+ destinations compared to over 60 in July and nearly O
during lockdown.
Real Estate: There has been increased demand from end-users
and first time buyers for purchasing villas and townhouses,
driven primarily by low interest rates, reduced loan-to-value and
the need to have larger living spaces during the pandemic times.
Emirates Airlines - Increasing number of Destinations (2020)
Zero tolerance approach to violations
AED 50K
AED 50K
Failure to comply Violating mandatory
with home
quarantine rules
hospitalisation
directive
بنك دبي الإسلامي
Dubai Islamic Bank
AED 10K
Hosting gatherings
and inviting people
AED 5K
Attending a
gathering as a
guest
AED 3K
Being out in public
areas without a
mask
over
Dubai Real Estate Market YTD - Number of Transactions
160
Jan
60
60
Off Plan Sale
Existing Properties Sale
4,500
100+
3,000
1,500
5
0
0
Mar
Apr
Jul
Oct
Jan
Feb
Mar Apr
May
Jun
Jul
Aug
Sep
Sources: DLD, Emirates Airlines
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