Dubai's real estate prices are not likely to stabilise in the near future, a study of the real estate sector by the Dubai Chamber of Commerce and Industry (DCCI) revealed supply and demand of real estate will reach equilibrium only in 2023.
"Equilibrium is when demand equals supply, and prices do not increase any more - they remain steady," said Dr Belaid Retab, director of DCCI's Data Management and Business Research.
Realty Outlook:
- 1.845m projected population in Dubai in 2010
- 131,019 residential units set to be delivered by private developers between 2006 and 2012
- 172,932 Additional residential units needed between 2007 and 2010
No comments:
Post a Comment