Global real estate daily: US sales slide, UK softens, Dubai rents correct while Saudi prices edge lower
Existing home sales in the US fell again in July as record prices and high mortgage rates bite, while UK asking prices and sentiment soften. Dubai’s rental market shows rising contract volumes but falling median rents, and Saudi Arabia’s official Q1 2026 index confirms residential price declines even as commercial values rise. Together, these moves point to a global market shifting from boom to a more selective, rate-sensitive phase.
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