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Dubai is the Most Affordable City When Compared to the Expensive Ones

Dubai is the Most Affordable City When Compared to the Expensive Ones

The UAE’s regional financial capital Dubai is now the most affordable market in the world for luxury properties as its average price decreased by 84 percent since its peak five years ago. Real estate analysts forecast a continued decline in Dubai real estate this year due to increased supply and the general softening of the real estate market and a weaker economy.

Dubai’s Price of Gold Continues to Rise

Dubai’s Price of Gold Continues to Rise

Political tension in Dubai resulted in a continuing decline in gold prices. Prices of 22 and 24K gold are up. 22K gold is at AED162.25 compared to AED161.25 in the past weeks. 24K, on the other hand, rose at AED172.75 from AED171.50.

Dubai: The More Affordable City to Invest In

Dubai: The More Affordable City to Invest In

Dubai has become a more affordable country in 2019 to invest in particularly for expats. There are several factors that contributed to it: a continuous decline in rent, reduced fees, and fines for the government, a drop in grocery prices, lower prices in dining out, and a freeze in its school’s fees.

Dubai Creek Harbour

Dubai Creek Harbour

Dubai Creek is the cradle of Dubai’s heritage. This was the original lifeline of Dubai before it became what it is today. This was a natural harbor and bustling with activities like fishing, trading, and pearl gathering.