Nicholas Maclean

Dubai residential property sales have declined over the past three quarters, but the drop in oil prices is coincidental and the slowdown is more due to big price increases in 2013 - the market is adjusting to return to affordable levels, this is a positive trend and will help prevent a bigger correction in the future.

Nicholas Maclean

Oil is likely at unsustainably low prices - we should see a rebound, which will substantially increase government revenues in the medium term, but the question is when will that rebound happen?

Nicholas Maclean