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Predictions abound over Dubai's supply and demand situation in 2010, especially with the massive bulk of real estate units set to hit the property market |
Residential property prices in Dubai are poised to continue its upward sojourn till 2010 as supply and demand imbalance to continue for some more time, industry analysts predict.
Robert McKinnon, managing director of Al Mal Capital Research, said: "Into next year we expect prices to begin to moderate, though not substantially. As delays continue to plague the industry, we do not expect supply and demand to come into balance until 2010."
There has been a flurry of predictions in recent days over Dubai's supply and demand situation in 2010, especially with the massive bulk of real estate units set to hit the property market. Prices in the commercial property segment have increased around 42.7 per cent within the same period in Dubai.
