Most analysts agreed house prices in Dubai will increase over the next 12 months in well-located areas, such as Downtown, Palm Jumeirah and Dubai Marina. Price estimates ranged from 5 to 10 percent.
Property prices in the city’s midmarket and lower-cost developments such as Dubailand and International City will fall, analysts predicted. One forecast double-digit declines in these projects.
Overall, analysts said Dubai rentals will remain broadly stable though poorly-maintained projects will suffer as tenants relocate to newer developments with little impact on their pockets.