Post-covid surge in activity: The UAE’s pragmatic approach to the COVID-19 pandemic has been raised as a factor in the recent economic growth in Dubai, underlined by the 25 percent increase in house prices since the start of the pandemic. [...] First, we use our merger between the public microdata published by the DLD and the Sandcastles datasets to identify the share of the market that is covered by the latter. [...] For the rest of the sample that does not appear in the linkable transaction data, we calculate the value Vi,t,g of a property i of type t located in neighbourhood g as: Vi,g = Si · Ptg (1) where Si is the size of the property and Ptg is the average squaremeter price in district g. [...] First, we try to match transactions within the same project and of the same type, then within the same project only, thenwithin the samemaster project and of the same type, thenwithin the same master project, then within the same area and of the same type, then within the same area, and finally of the same type only. [...] 22We use the maximum of four possible shares: the Emirate share of the value of the stock of all residential properties in each neighbourhood in 2020, the Emirate share of all identifiable landlords that had an active lease in the neighbourhood in Dubai Offshore Real Estate | 19 Connections relative to January 2022 Contracts relative to January 2022 FIGURE 10 Between 2020 and 2022, Russians invest.
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