War impacts Dubai's real estate stability
Bloomberg Agency has confirmed that the repercussions of regional tensions are beginning to impact Dubai's real estate market. Housing transaction values in May declined by 42% compared to April, amounting to 22.5 billion dirhams. Prices remained relatively stable despite the decrease in the number of deals, as buyers have become more selective and are waiting for better opportunities. Despite the slowdown, the fundamentals remain strong, with continued demand for ready and luxury properties. Meanwhile, the buyer composition is changing, and some developers are postponing new projects or offering discounts to stimulate sales.
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