GCC: Dubai At Forefront Of Real Estate Risks

May 2008
Emerging Markets Monitor;5/12/2008, Vol. 14 Issue 6, p20
Country Report
The article provides an outlook for the real estate property markets in the Gulf Cooperation Council (GCC), particularly in Dubai, United Arab Emirates (UAE). According to the forecast, rising producer costs, the possibility of a consumer-led demand-side shock and the threat of a speculative bubble are all risks to the property markets in the GCC. As reported, most real estate analysts seem to agree that supply will finally overtake demand in the UAE in 2008-2009. The results of a survey on the market conducted by "Arabian Business" are also reported.


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