It would be fair to say that in 2002, when HRH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced freehold rights for non-nationals to own land, Dubai's property market began. The Real Estate Regulatory Authority (Real Estate Regulatory Authority) was established at the height of the Property Developers in Dubai boom in 2007, which implemented various rules and regulations that simplified land/property ownership transactions and registrations for Dubai. Dubai's property market faced its toughest challenge at the end of 2008, the global economic crisis hit Dubai's market & property in just 12 months saw a drastic decline, investors who were wise enough to invest then saw a massive return on their properties. For both the economy and the real estate sector, 2013 and 2014 were stable years, with high population growth. With costs increasingly appreciating, several new technologies have been introduced. As confidence grew in the region, businesses flourished and more international corporations began to see Dubai as a good central hub. From then on, with small fluctuations and without any significant setbacks, the market grew steadily. It's still too early to estimate the severity of the global economic fallout from the current crisis, but we can very well assume that today's rates are at or very close to the bottom. The coming months will provide an opportunity for long-term buyers, expats who have made Dubai home there, local Emiratis or investors looking for high rental returns; all of them are eager to benefit from another year full of offers before Dubai Expo 2021, in which economists expect that prices will rise as the launch date of Expo 2021 gets closer. In addition, the existing interest rates are very competitive today and mortgages are made more available to first-time buyers, and expatriates can now fund up to 80% of their property price by buying their first home. We expect Dubai Investment Real Estate to face a buyer's boom as stakeholders will try to capitalize on factors such as low interest rates and lower down payments once the effects of the Corona virus slow down and the restrictions are eased.