Affordable housing has become a buzzword of sorts in the UAE and the broader GCC region over the past couple of years. And yet, in a region fixated on luxury, there are several challenges to implementing affordable projects, particularly in Dubai. Despite more than 40 percent of the UAE’s population falling into the middle-income category,…

Jones Lang LaSalle’s (JLL) recent report explores Dubai’s real estate market, highlighting factors that impact the emirate’s residential, commercial and hospitality sectors. “The Dubai real estate market continues to face downward pressure during the second quarter of the year,” said Craig Plumb, head of Research at JLL MENA, noting that residential rental rates have remained…