by on June 1, 2024
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This is quite a cliff we are over. higher rates now would short circuit a very weak housing sector and in all probability give us a double-dip recession. Low rates however give too much freedom for hedging and thus creating big bubbles which burst. Even places adjacent to Dubai Metro would seem to be expensive, basically would prefer to live in order to a depot. As for commercial properties, a standard rent of Dh.1444 per square foot in June 2007, though it was Dh.2060 in June 2008. This marks a slight increase of 49.7 percent.
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