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Friday, 17 March 2017

‘This is 100 per cent not going to help the Dubai property recovery’ | The National

‘This is 100 per cent not going to help the Dubai property recovery’ | The National:

"Property buyers in the UAE will end up paying more for their purchases as a rise in US interest rates threatens to delay a housing market rebound. The Central Bank of the UAE swiftly raised its interest rates because of its currency peg with the US dollar after the move by the Fed to hike interest rates by 0.25 per cent late on Wednesday. It could drive up monthly payments by as much as Dh500 a month on a mid-range villa in Dubai."



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