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Dubai Real Estate Prices to Drop Down by 10 Percent

January 08, 2019 / Steve Morgan

This is on top of the 6 to 10 per cent decline Dubai residential property prices witnessed in 2018, the executive added. "Real estate prices have slipped and with the strengthening of the US dollar, investors from traditional source markets such as Russia, India, UK and Europe are facing affordability issues. It's not just real estate, but other sectors like tourism are also facing affordability issues. Real estate across the world, even in advanced markets, goes through cycles," Morgan told Khaleej Times on Monday.