Dubai property market can absorb up to 25,000 new homes yearly without risking oversupply | The National

Dubai property market can absorb up to 25,000 new homes yearly without risking oversupply | The National:



"Property developers in Dubai can build as many as 25,000 new homes a year without risking the sort of oversupply reached during the financial crisis, according to a new report.



With the population of the emirate rising by about 7 per cent a year, Citibank estimates that current levels of construction are in line with market fundamentals – meaning that the Dubai real estate market can absorb the extra flats and villas while still maintaining current vacancy rates."



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