What's in store for UAE property in 2012?

Will Dubai real estate prices rise or fall in 2012?

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.

Join the Discussion