Samir Salya on Dubai’s Oversupply Preventing Recovery

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With signs of growth in the affordable property market, it seems like Dubai’s property market is starting to recover from its recent lull. However, a recent report by Phidar Advisory suggests that this recovery could take much longer than expected. With oversupply remaining as the main problem facing luxury properties, the oversaturation in the marketplace ... Read moreSamir Salya on Dubai’s Oversupply Preventing Recovery

Samir Salya on the Problems of Property Oversupply in Dubai

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The Dubai property market is facing the threat of oversupply in the face of growing competition, according to Gulf General Investment Company (GGICO). The UAE-based developer’s forecasts for the future of the real estate sector come as the demand for property in Dubai begins to stabilize. With investment increasing and sales decreasing, the market is … Read moreSamir Salya on the Problems of Property Oversupply in Dubai