‘Unsustainable’ Dubai Home Price Gains to Slow, Broker Says - Bloomberg:
"Dubai home-price increases will slow in the next 12 months after rising at an “unsustainable rate” as speculators returned to the market, Jones Lang LaSalle Inc. said in a report today.
Values rose 17.9 percent through August from a year earlier, the broker said. Residential rents climbed 14.9 percent on average. While the market has fundamentally improved, the return of confidence has sparked renewed speculation, Jones Lang said.
“While residential prices and rents will continue to increase over the next 12 months, the rate of increase will decline somewhat,” the broker said. “An extended period of slower and more subdued growth would be far more beneficial for the overall market than a continuation of the current rates of increase followed by another severe correction.”"
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