Why the West Asia crisis has pushed Dubai's real estate into a 'wait-and-watch' mode, but the luxury market holds firm
The US-Iran conflict has prompted a cautious approach in Dubai's real estate market, with buyers becoming more selective and price-conscious. Transaction activity has moderated from earlier highs, but demand remains, as 45% of potential buyers plan to purchase within a year. This trend indicates a shift towards normalization rather than a decline in demand for real estate.