With the Dubai property market going through one of its periodic downturns, the authorities are keen to contain pessimism, lest it upsets investor sentiment. Some local market players have put a positive spin on the past year’s 10% price slump, by suggesting there should be a recovery in H2 2016. Not everyone is convinced, however, with the market confronted with a twofold problem: the strong US dollar, which has made property more expensive for international buyers, and low oil prices, which mean regional investors have less money. That has opened up a gap between supply and demand.
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