Dubai Real Estate: Where Is the Market Heading?

The video discusses the muted impact of Brexit on Dubai's property market, highlighting the uncertainty affecting UK investors. It examines the vulnerability of different sectors, noting that the residential sector is most affected. The discussion shifts to the impact of low oil prices, which have hit other regional markets harder than Dubai due to its diversified economy. Tourism is identified as a key driver of Dubai's real estate market, though it faces challenges from macroeconomic headwinds and currency fluctuations. The introduction of VAT is expected to negatively impact the retail and hotel sectors.

In what ways is the Dubai economy described as more diversified compared to other markets in the region?

What are the expected effects of the introduction of VAT on the retail and hotel sectors in Dubai?