The prices of Dubai’s top-end proprties will continue to rise for at least 18-24 months, United Arab Bank’s (UAB) chief executive officer Paul Trowbridge said.
“Assuming the premium properties continue to recover, it is inevitable that at some point in time the medium-end will benefit. The lower-end is only likely to recover once we have seen an established increase in the medium end,” he told Khaleej Times during an interview.
“We are likely to see price appreciation at the top-end continue for at least the next 18 to 24 months. Further appreciation beyond this period will depend on how much the market has increased,” Trowbridge said.
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