Key facts
- Dubai's housing market is showing a complex picture three months into the Middle East conflict.
- Transaction volumes have decreased significantly.
- Prices have remained resilient.
- Buyers are still seeking opportunities within the market.
Three months into a conflict that has roiled the Middle East, Dubai's housing market is presenting a nuanced picture. While the total value of transactions has fallen steeply, prices have shown resilience, and buyers continue to seek out opportunities. In the five years preceding the conflict, Dubai's real estate market saw prices rise by nearly 70%, driven by buyers from India, the UK, and Russia. Some of these buyers have recalibrated their approach in recent months, a shift reflected more in transaction volumes than in overall values.