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Dubai property boom until 2010
- United Arab Emirates: Sunday, June 03 - 2007 at 13:00
Dubai's property boom is set to continue until at least 2010, according to MEED. Contrary to forecasts of a sharp correction by 2009, demand for property would outstrip supply until the end of the decade, research by Dubai-based businessman Fouad Bardawil has shown. Population growth and falling occupancy rates per unit are said to be behind sustained demand. The research showed 175,000 new units will be available by 2010, for an estimated demand of 181,000 units.
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James McInerney, News EditorSunday, June 03 - 2007 at 13:00 UAE local time (GMT+4)
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This article was updated on Thu Jun 21 2007.
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