Best property price gains in Dubai are done and dusted | The National:
"So Dubai Land Department is planning new rules for off-plan sales and its director general Sultan bin Mejren is warning that house prices may rise 35 to 40 per cent this year. However, having claimed the crown of fastest growing house prices in the world for the first nine months of 2013, Dubai homeowners will probably see lower house price gains in 2014.
This forecast is easy enough to make. Knight Frank reported Dubai house prices rising by 28.5 per cent in the first nine months of 2013, the fastest growth in the world. That was actually a lot lower than Cluttons’ estimate of a 53 per cent price increase.
Is that not an unsustainable price spike? That said, the risk of a substantial correction from the runaway gains of the past two years is low."
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