Bear market rallies are deceptive to investors, as short-term spikes in stock prices can seem like signs of a rebound after a prolonged downtrend. After a surge at the beginning of the year, U.S. markets are now in a correction, mostly tied to the end of 2020, and changes in prices or market conditions have not caused it to decline. Instead, they have changed the nature of that demand. As property values in Dubai have risen, there has been a significant shift in the affordable luxury segment - once affordable properties have increased in price by 20% (or even 30%) and have made their way into the premium market (AED 5 million and above). Because of this, many buyers with leveraged mortgage were cut off from transactions (down payment on the mortgage rose from 20% to 30%). But the volume of transactions increased compared to last year. Why? Because the Fed may have to keep rates higher longer to beat inflation.