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- In the Dubai 2021 plan, Deira, the historically significant commercial centre of Dubai bordered by Sharjah, Dubai Creek and Persian Gulf, plays a crucial role. Deira is home to some 30 per cent of the established locations of Dubai. With a strong economic backing and the development of the Emirates, this region is also witnessing tremendous growth possibilities.
Luxury Property Are Back As Dubai Buyers’ FavouriteConsidering 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.