Lucknow Varanasi Road Property

Considering the property price difference between general and prime properties in Dubai is widening, experts believe that it is a sign of rebound for luxury properties.

Despite various significant initiatives and broad-based recovery in oil prices, property prices in Dubai are under pressure mainly due to rising volumes of supply. Also, with transactions running at approximately 25 per cent lower rates on a year-on-year basis, launches by developers have also slowed down.