Despite the pandemic, buyers purchased the Dubai property in recent months, benefiting from decades of low pricing, easy financing, and an open economy. Sales of luxury villas, ocean-view apartments, and secondhand single-family houses have soared, reviving the Dubai property management industry, which had experienced a significant reduction in activity during the epidemic and had been down in a five-year depression. However, with rents dropping an ongoing oversupply, one of the emirate’s key economic drivers will have a long road to recovery. The COVID-19 pandemic hit Dubai’s economy hard last year, leaving firms jobless. Dubai’s economy combines trade, tourism, and international…