What does a weaker US dollar mean for foreign buyers of UAE property? – The National

What does a weaker US dollar mean for foreign buyers of UAE property? – The National

The US dollar’s recent losing streak is proving largely favourable for the UAE's property market.

The drop in the greenback is making residential and commercial properties in the Emirates less expensive for foreign investors whose currencies have appreciated against it, analysts said.

The greenback has been weakening since mid-to-late last year, and its appeal as a safe haven is expected to further decrease as inflation in the US continues to cool and economic data in the country improves.