The boom in Dubai’s luxury market continued into the first quarter, with wealthy buyers again driving record sales of homes valued above $10 million. Analysts have now warned that the UAE emirate’s property sector could face more risks going forward. They are concerned that high net worth individuals from around the world could pull back amid market uncertainties related to US President Donald Trump’s sweeping global tariffs and falling oil prices which could cause Gulf economies to slow. Bloomberg’s Zainab Fattah reports.
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