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Dubai real estate transaction volume decreased by 52% in one week due to tensions in the Middle East (impact of Iran conflict), but property prices did not drop by 52%.
Actual data shows:
- Real estate stock index fell about 20% over 5 days (offsetting the gains projected for 2026)
- Property prices remain relatively stable, with no signs of a large-scale crash
- Developers say the market is resilient, and a 15% correction forecast is also considered unrealistic
This is a decrease in transactions, not a crash in property prices.
AI is more reliable; humans tend to lie!