Page 10 - மஹாமட் ஹைதர் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

ANALYSIS-Buyers return but Dubai real estate faces long road to recovery Rents at the end of 2020 were about 5-10% lower than the market s last trough a decade ago, Jagtiani said. Even before the pandemic, the long-term economic trend in the United Arab Emirates had been sluggish since the 2014-2015 oil price crash, said Christopher Payne, chief economist at Peninsula Real Estate, a UAE-based investment and research company.Reuters | Dubai | Updated: 15-03-2021 17:19 IST | Created: 15-03-2021 16:46 IST Image Credit: Pixabay Fancy working from home in a poolside villa, bathed in year-round sun? Prime Dubai properties have been snapped up in the past few months by buyers taking advantage of decade-low prices, easy financing, and an economy open for business despite the pandemic. Sales of luxury villas, sea-view apartments, and second-hand family houses have jumped, re-energizing a property market that saw a sharp fall in activity at the height of the pandemic and had been in a

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