Inflation sparking price rises as property oversupply fails to materialise

Posted by admin in Contributors, ... | 11.11.2007 - 7:05 am

Fears that an imminent oversupply of real estate in Dubai would depress the sector in 2008 have now been pushed back by most observers to 2010, due to construction capacity constraints and the continued tide of new immigration. Indeed, the main concern is that local inflationary pressures are going to drive rents and prices higher.

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