Is Dubai's real estate sector poised for a slowdown?

Dubai! This word itself bridges the way to a world of imagination that’s full of luxurious homes

Beautiful skylines, and extravagant lifestyles that possess unparalleled grandeur.

Perhaps such a wish to live in this man made paradise resulted in investors flocking to the city of skyscrapers.

Despite the global slowdown and spiking interest rates

Dubai witnessed a sharp increase in the value of home mortgage approvals

Property prices, and residential rents.

But has the real estate market reached its peak?

Will there be a downturn?