Transactions in the secondary market of Dubai's property sector hit near seven-year highs in the last two months of 2020, according to new research. Data Finder, the real estate insights and data platform of Property Finder, said December saw 2,485 secondary transactions worth AED6.12 billion, 9.7 percent more than November, which was already a record breaking month.

The figures showed that April and May were the lowest months historically for secondary sales because of the lockdown in Dubai, but since the easing in restrictions, secondary residential real estate sales have been on the rise, peaking in November with 2,179 deals and then in December with 2,485 transactions, the highest in six years and nine months. Stake co-founders say recent reforms will present opportunities for property investors next year after 2020 slowdown Data Finder said that despite the drawbacks the market had from the lockdown, the restricted movement and market conditions, 2020 did better than expected in terms of numbers.