Fluctuations of key foreign currencies are statistically linked to Dubai property prices, according to a new study. Phidar Advisory’s mid-quarter research shows a significant relationship between the Indian Rupee, British Pound and Pakistani Rupee, and the emirate’s real estate rates. The report also shows that residential prices in the third quarter continue to decline. Meanwhile in the first quarter, transaction volumes for apartments were down by 28.2%, and by 8.6% for single family homes.

UAE participates in GCC Consultative Summit in Saudi Arabia
UAE President to honour Abdullah Al Sayed Al Hashemi with Abu Dhabi street name
Sharjah Police arrest suspect accused of turning home into drugs 'factory'
H.H. Sheikh Mohammed renames Ministerial Development Council
Dubai establishes framework to boost consumer rights in aviation sector
