Residents cash in on Dubai real estate cooldown

DUBAI: Just over a year after moving to Dubai, Steve found himself moving unexpectedly up the property ladder, taking advantage of a cooling real estate market amid the Middle East war. His new apartment is larger and closer to work than his previous resident, but the rent is nonetheless 15 per cent cheaper, he said, using a pseudonym due to Dubai’s sensitivity on the matter. When he arrived in Dubai last year, “it was really difficult to get a place in this area and the rents had gone up by ...

By none@none.com (AFP)