JLL: Not a Real Estate Bubble in Dubai - Middle East Real Time - WSJ:
"It’s an interesting time for the real estate market in the United Arab Emirates. Some analysts have warned of “unsustainable” growth in Dubai, where property consultancy Jones Lang Lasalle says house prices rose 22% last year, while some peers estimate they increased more than 30%. And in Abu Dhabi, higher quality residential villas and apartments have also grown at a hefty rate of about 25%.
So, the big questions on everyone’s lips for 2014 are: Will prices increase at a similar level again this year? And is the bubble back?
In its annual predictions report released on Monday in Dubai, JLL tried to address the issue head on. “Not a bubble in 2014,” was the simple message from Craig Plumb, its head of research for the Middle East. Here, we lay out some of JLL’s top predictions for the U.A.E. market this year – forecasts that go further than looking at just the hot residential market."
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