00:00Thinking of buying a new place, should you jump in now or wait it out?
00:04Dubai home prices just dropped 1.7%.
00:07It doesn't sound huge, but it's the first yearly fall since COVID in February 2021.
00:13That breaks five straight years of growth.
00:15Experts call it a shift into a calmer, more grown-up market.
00:19But don't panic, sales are still going strong with 23.4 billion dirhams in August alone.
00:24And 75% of buyers are going off-plan, buying homes that aren't even built yet.
00:30So the confidence isn't gone. People are just being smarter right now.
00:34Bottom line, buyers have room to negotiate and renters, there's no rush.
00:38For more business news, head to khalishtimes.com.
