In your opinion, what are the reasons that make the real estate sector in Dubai stand solid despite the currency fluctuation crisis the region is undergoing?

Mainly because the economic and political stability of the UAE, Dubai doesn't hold any major part of its economy to oil and that is the major reason they didn't had a real effect on their economy. Maybe in the near future there will be some consequences because a big portion of the investments in Dubai is coming from the oil money from the countries around.

Any country that depends on one or two export commodities for its economy GDP, is exposed to a high risk in case of a downturn. Especially if these commodities are corresponding to a high percentage of its GDP. As a result, other sectors could be impacted as well. In case of Dubai, the City generates its revenue from diverse sources, and it  is not depending heavily on oil. Thus, economic activities should endure regardless of the downturn in oil.

Dubai has place itself in the world map as an investment hub with political stability, diversified and robust economy, multicultural environment and sustained good economic growth during last decade. Minor fluctuation in currency may occur in the short run but the positive factors as noted above will continue to influence the solid growth of real estate sector 

The real estate sector in Dubai on solid foundations in turn has mainly supported by growth in other sectors as well as strong demand for various real estate categories, namely residential, office and hotel, and even for industrial purposes. If we take into account other factors such as the maturity of the real estate market, regulatory powerful gravity, investment and the environment enjoyed by the emirate, and provide facilities and incentives, we will find ourselves in front of a conclusion acceptable to many people, and that is that this sector still has the driving force that help him to continue to grow

Lower rates of corruption

And good governance

Former savings

And good planning

 

And political stability

Thanks

Fully agree with Colleague Rami Abbas's answer

..................Thanks for invite

I fully agree with the answers been added by EXPERTS...............Thanks.

culture

trust

support from gov.

all this make any one can go there and buy

 

In addition to the answers I would like to add that you should not consider oil prices that may affect the economy !When it comes to Dubai which has become an international destination for entertainment, fun, and tourism, we can tell that such city is not just relying on oil return, but it has a "mix basket" of returns , therefore it could have more economic stability, beside its political stability !

 

Thank You

The markets in the Middle East are pretty jumpy at the moment, with political instability across the region, the sliding oil price and Dubai’s real estate market going into reverse. In these turbulent seas only a few islands of calm remain, and Abu Dhabi is one of them. With its solid political systems and vast oil and cash reserves there are few storms Abu Dhabi cannot weather. The emirate has an often overlooked real estate sector that people are now looking to for better and more stable returns.