Fears of up to a 10% drop in property prices in Dubai
January 8, 2019
Globally there is a touch of unrest within major real estate locations including Hong Kong, London and Vancouver. Adding to the negative news is Dubai with recent headlines stating that fear is growing regarding a 5 to 10% drop in property prices for 2019.
Blamed for the forecast are the growing new supply numbers, a strong dollar and lower oil prices.
Varied news media outlets lead with this story to include Reuters and Khaleej Times.
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