Abu Dhabi and Dubai Rental Markets: In Abu Dhabi, limited economic growth has led to job cuts and fewer opportunities for incoming expatriates. Rents are dropping as new housing supply increases. The decrease in rents was most prominent for mid- to high-quality properties.
Like many import-dependent, petroleum-exporting countries, Algeria has experienced reduced revenues and a trade imbalance since the global drop in oil prices in 2014. Beyond increasing gas prices and consumption taxes, the country is now taking a more drastic measure