Updated: May 14, 2024

#dubaieconomy #estateagency
Issues of an oversupply of properties are the major reason for the drop of Dubai real estate prices.
Dubai Land Department has to take aggressive steps to clean up the market.
In terms of rent, luxury areas like Dubai Marina and Downtown Dubai, Jumeirah lakes tower, Emirates living, Lakes, Damac hills all are affecting this issue of oversupply.

However, I believe once the new projects will stop and old as we are rapidly selling, pricing will again boom surely.