sudden stumble
Dubai’s sizzling property market drops for first time since 2020
The real estate shift suggests momentum has stalled in a market fueled by an influx to the emirate of foreign cash, wealthy expatriates and global investors
Giuseppe CACACE / AFP via Getty Images
Clouds loom over the Dubai skyline
Add The Circuit on GoogleDubai’s red-hot property market just blinked. After years of consistent gains, home prices in the emirate posted their first decline since the pandemic boom, with a key ValuStrat index falling 5.9% in March.
The pullback from a 70%...
