View of luxury hotels and skyscrapers in Dubai. The strength of the US dollar, to which the dirham is linked, has also hurt demand from Dubai’s traditional customers in Europe and Russia. Photo: EPA
View of luxury hotels and skyscrapers in Dubai. The strength of the US dollar, to which the dirham is linked, has also hurt demand from Dubai’s traditional customers in Europe and Russia. Photo: EPA
Property /  International

Dubai developers plan new projects undeterred by falling prices

Home values hit by falling oil prices, tighter regulation and a stronger currency – but that’s not stopping developers from starting new projects

Bloomberg
Bloomberg

Updated: 3:28pm, 26 May, 2016

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View of luxury hotels and skyscrapers in Dubai. The strength of the US dollar, to which the dirham is linked, has also hurt demand from Dubai’s traditional customers in Europe and Russia. Photo: EPA
View of luxury hotels and skyscrapers in Dubai. The strength of the US dollar, to which the dirham is linked, has also hurt demand from Dubai’s traditional customers in Europe and Russia. Photo: EPA
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