| The average apartment price in Dubai rose by 13 percent this year and is expected to grow at the same rate next year as speculative buyers prop up demand, a study released on Sunday showed. Prices rose despite expectations of around 36,000 new units forecast to enter the market in the next two years, a study by property consultancy CBRE showed.
"Because the best quality products (properties) are seeing this demand, they are raising the rest of the market," said Matthew Green, head of research & consultancy UAE at CBRE Middle East...............................................Full Article: Source
|