Dubai’s 70% Property Rally Faces Threat From Tariff Turmoil

Over the last four years, Dubai property prices have surged 70% and outperformed other major cities. That relentless boom now faces its biggest threat since the pandemic as US President Donald Trump’s tariffs roil markets.

The outlook for oil producing Gulf economies has dimmed, with crude plunging below $65 a barrel on the back of the trade tensions and a decision by OPEC+ to boost supply. Meanwhile, the uncertainties that have hit asset prices from India to China and the UK risk deterring the wealthy foreign buyers who’ve been snapping up Dubai real estate.