Third quarter critical for Dubai property | GulfNews.com:
"The third quarter of the year could see a further softening of property values and rents in Dubai, as the market needs more time to adjust to global currency movements and oil price shifts, says a new report from Phidar Advisory.
The consultancy continues to maintain a cautionary forecast on Dubai realty prospects in the near term while others contend the downturn is over.
The majority view now believes that a turnaround could be there from 2017 onwards and that Brexit’s impact on deal flow in the local market will be limited to the short-term."
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