The Dubai property proposition | The National:
"The cost of housing is back on the agenda in Dubai, as an increasing number of statistics point towards rapidly rising sale prices and rents. As the emirate gears up for one of the largest Cityscape exhibitions in years, the rapidly rising cost of renting and owning property in Dubai, particularly in the residential sector, is leading many commentators to question whether another bubble is developing.
Jones Lang LaSalle reported last week that house prices in the emirate rose by an average of 17.9 per cent over the year to the end of August, while it estimates that population and employment growth increased by just 5 per cent over the same period. Jones Lang described such growth as unsustainable, and warned that there could be a correction within the next 12 months."
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