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- 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.
Is Oversupply Harming Dubai Realty?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.
Virtual Reality Is Changing Face Of UAE RealtyVirtual Reality and Augmented Reality are not mere entertainment technologies. They have started to take a distinct form when it comes to the public sector in the United Arab Emirates.
UAE’s Real Estate Market Likely To Revive Next YearOversupply and muted income growth are the prime factors that are exerting pressure on the market persistently, and the demand side doesn’t seem to be catching up with the volume of supply.
Is Dubai’s Off-Plan Properties Market Reviving?With prices moving upwards, the future for Dubai’s off-plan properties looks bright.