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Tony Katz: Dubai real estate to drop by 52 percent from peak
Dubai real estate is set for a significant decline, according to Tony Katz, who predicts a 52 percent drop from its peak value. Katz noted that recent events, particularly the war in the Middle East initiated by the U.S. and Israel, have already caused considerable global damage, with the regional property index reflecting the impact on the first Monday after the conflict began.
Katz referenced his trading experience in Dubai and highlighted the swift market response following the onset of the conflict. The statement underscores concerns about the economic consequences for Dubai's real estate sector amid heightened geopolitical tensions.
Katz has issued other market warnings in the past year. He previously suggested that rising oil prices near $200 could trigger a rapid collapse of the EU economy. Katz has also forecast a bearish trend for gold, predicting prices could drop to $2,800–$3,300 per ounce in 2026.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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