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 fines 42 domestic worker recruitment firms for violating rules
Dubai's RTA expands e-bike delivery service to seven new areas
Sharjah Charity sends food aid to Bangladesh flood victims
UAE condemns Israeli settler attacks in occupied West Bank
