Dubai market can absorb 25,000 new homes per year

The Dubai property market can absorb 25,000 new properties per year, according to Citibank. The emirate's recovery real estate has attracted a wave of investment as prices rise.

Now, with momentum building, new developments are on the horizon, but Citibank's report believes that the market can absorb the increase in supply without it impacting the recovery. Indeed, the Dubai population is forecast to climb 7 per cent per annum, which Citibank predicts will be enough to keep occupnayc rates high.

Source: Property Forum