Rising US Dollar Strengthening Real Estate Market In Dubai

"Speculative investors are going out the door now and buyers with long-term plans are entering the realty market of Dubai. The currency factor makes the Dubai property market more international in nature," he said.

International investors whose currencies are sliding are waiting until their currency gain momentum against the USD, before purchasing residential units as the strong USD makes Dubai prices look steep.

Many studies of Dubai realty market have underlined the importance of taking speculative investors out of the market for a healthier and sound property market.

The report says that the new development would lead to a market driven less by liquidity and more by supply and demand fundamentals. Regional and international investors are the key drivers of the UAE real estate industry, aided by the maturity of the market, and all this will contribute to further growth of the sector.

The strong dollar is cooling the market and weeding out short-term investors. Rental yields in Dubai are still one of the most lucrative worldwide as well as ROI on buying, which means that the realty market is very robust and on the way to becoming end user driven, Abdullah said
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