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Dubai Financial Market (DFM)
The real estate index plummeted by about 20% within five trading days in early March.
This does not mean that physical property prices have also fallen.
The support for property prices primarily depends on transaction volume.
Between the end of February and March 11, Dubai had approximately $4 billion in real estate transactions,
including
3,675 residential units,
444 buildings,
and 395 land plots.
Throughout February, the month before the war,
the total transaction volume was $16.6 billion.
For those planning to go to Dubai,
the war has only delayed their decision,
but has not yet reached a point that fundamentally affects property prices.
With negotiations ongoing, let's see how a ceasefire can be achieved.
In April, Dubai will also host multiple AI art and other events.