Dubai property sector shows early signs of weakness

Dubai’s property market is beginning to show early signs of weakening nearly three weeks into ​the US-Israeli war on Iran, with data from analysts showing tanking transaction volumes and some real estate agents pointing to price reductions. The war, and ‌Tehran’s strikes against Israel, US bases and Gulf states including the United Arab Emirates, have pierced Dubai’s image as a safe haven for the world’s wealthy. Real-estate transaction volumes in the UAE fell 37 per cent year-on-year in the ...

By none@none.com (Reuters)