You are here

Dubai property slowdown due to tighter rules, not oil slump

Analysts say well-balanced supply and demand for properties should keep prices stable
Thursday, August 27, 2015 - 05:50
BT_20150827_DUBAI27_1844533.jpg
Construction at a waterfront apartment block, operated by Skai Holdings, on Palm Jumeirah artificial island in Dubai.

Dubai

DUBAI'S tighter property rules aimed at preventing a housing bubble are the main cause of a slowdown in the emirate's real estate sector rather than a sustained drop in oil prices, industry experts said.

Dubai has a low reliance on oil despite hydrocarbons providing three-