- US Inflation rose more than expected in September
- Inflation was 8.2%, coming in higher than most forecasts
- Most worryingly, ‘Core’ inflation was 6.6% which is the highest since 1982
- Makes it almost certain that rates will increase by 75 bps in November, and more likely that the Federal Reserve will make the same 75 bps increase in December
- Direct impact on mortgage rates here in the UAE
- Real Estate Bubble Risk ‘Low’ in Dubai – UBS
- In a survey of 25 cities, Dubai was the second lowest bubble risk (after Warsaw)
- Average rate still 25% below its 2014 peak
- Forecast Dubai prices will continue to grow for the next few months before slowing
- Toronto and Frankfurt were top of the list
- High Dubai Villa Rents ‘A Problem’ – Bloomberg
- Bloomberg article says the explosive growth in rentals in villa communities such as the Palm make the city less competitive when looking to attract international residents
