The mid-income segment of the Dubai property market took the brunt of price declines since the onset of COVID-19, mirroring the job losses and the subsequent rental declines experienced.
COVID-19 was supposed to have been a great “wealth leveler” – instead it has exacerbated the wealth disparity with the levels rising in the last year-and-a-half as asset price bubbles appeared at the top end around the globe, whether with tech companies in stock markets to high-end real estate.
