Dubai off-plan property deals under threat as prices drop | ZAWYA MENA Edition:
"Higher interest rates and falling property prices could hit Dubai developers’ transaction volumes linked to the purchase of properties off-plan, warn experts. Craig Plumb, head of research at property advisory firm JLL in Dubai, said rising interest rates were undoubtedly a negative for residential real estate markets and Dubai was no exception. But he said the Dubai market was less susceptible due to the higher number of purchases made with cash or using interest-free finance plans offered by developers."
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