A balancing act: Dubai residential prices, supply and demand in 2017

To fully understand what will happen to Dubai property prices in 2017, we need to look at the whole picture, including what transpired last year. In 2016, the stronger US dollar, relatively lower oil prices and resultant liquidity conditions impacted the purchasing power of regional and foreign investors traditionally active in the Dubai real estate market, such as GCC nationals and buyers from countries such as India, the UK and Russia.