All in Buyers
A boom in new home construction in Dubai continued to water down home values across the Middle Eastern financial capital in the third quarter of 2019 even as more buyers entered the market, new data shows.
Dubai’s real estate market has been reeling from the effects of a slowing economy and oversupply of residential units. Even as the market tries to fight this double-whammy, there’s hope on the horizon.
The UAE has said foreign executive directors will be eligible for long-term residency permits if they earn a monthly salary of AED 30,000 ($8,200), in a sign the Gulf nation is easing regulations to ensure sustained growth in the economy.