Dubai: Almost half of the respondents in the London Business School poll reckoned they would invest in the Dubai property market, citing the emirate’s economic outlook and the available rental yields as reasons.
“Roughly half of the executives surveyed recognise the risk that the supply of new properties will increase at a faster rate than demand, leading to a situation of oversupply and a decline in prices, and favour greater restrictions on construction as a way to mitigate this risk,” said Cocco.
More than two-thirds of respondents predicted that Dubai’s residential market will not continue to grow at the same rate as it has thus far.
Just over half thought that any losses or gains market will be within 10 per cent of their current value, with 31 per cent stating the market will decrease by less than 10 per cent, and 20.5 per cent predicting an increase of less than 10 per cent.
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