You are here


Dubai property prices unlikely to dive despite oil slide

UAE government will continue to spend heavily from reserves, and the real estate market is less speculative than in 2008


THE plunge in oil prices may take more of the froth off Dubai's booming real estate market, but broad-based demand for property is likely to prevent any crash.

As the global financial crisis slashed oil and equity prices in 2008, Dubai's real estate market began a collapse...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to