Dubai is expected to see a 20 per cent increase in its residential units, especially apartments, in the next two years, S&P Global said. This, along with the ongoing regional instability, is likely to bring down transaction volumes and prices
Specific segments of Dubai’s residential market are already experiencing price corrections, which the credit ratings agency attributed to the country’s sweeping visa reforms that supported a higher number of long-term investors.
Disruptions stemming from the regional war are assumed to continue into next year, as per S&P Global Rating’s base case scenario. This, along with new deliveries due in 2027-2028, could accelerate the price correction, especially in investor-driven apartment segments, the agency.
There was a time when one telephone served an entire household, important phone numbers were committed to memory and making a call sometimes meant waiting your turn
Then came the mobile phone, the unmistakable screech of the dial-up modem, home Wi-Fi and, eventually, a world in which work, payments, shopping, entertainment and conversations with family all moved onto a device in our pockets.
As Etisalat marks 50 years, Khaleej Times is looking back at that transformation through the people who lived it.
Signals & Stories: 50 years of a connected UAE is a five-part series tracing how the way people communicate has changed alongside the country itself, from the first household landlines to smartphones, 5.5G and the emerging age of artificial intelligence.
Over the next two.
