Why the oil price slump could hit UAE property | The National:
"Top Gun was playing in the cinemas, Madonna was in the pop charts with Papa Don’t Preach and fashion was all about big perms and even bigger shoulder pads.
The year was 1986 and the big news was all about the economy where a collapse in oil prices eventually led to a consumer spending boom in the West.
Now, 29 years later, with the price of oil slumping 50 per cent in the past six months, the most since the 2008 financial crisis, experts are predicting a similar oil-fuelled property boom in non-oil producing countries – but a relative slowdown here."
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