DAMAC chairman calls bottom for Dubai property market

DAMAC Properties Chairman HussainSajwani sees at least two years of recovery ahead before Dubai's property market fully rebounds. The UAE's commercial hub has suffered a bruising year, with Dubai's stock market the worst-performing in the Middle East, a fall in tourism and record drops in property s

BY admin
Published - Friday, 25 Jan, 2019

DAMAC chairman calls bottom for Dubai property market

DAMAC Properties Chairman HussainSajwani sees at least two years of recovery ahead before Dubai's property market fully rebounds. The UAE's commercial hub has suffered a bruising year, with Dubai's stock market the worst-performing in the Middle East, a fall in tourism and record drops in property sales. Real estate platform PropertyFinder predicts a continued slide for the sector in 2019, as supply is expected to double or even triple while demand remains subdued.