Dubai’s prime residential market is set for strong growth, driven primarily by supply limitations and resurgence in demand from key source markets such as China and India, according to a Knight Frank report.
Property prices in the emirate’s prime markets, including The Palm Jumeirah, Emirates Hills and Jumeirah Bay Island, are expected to rise by 5% next year. Prices in other segments of the residential market are projected to grow at 3.5 per cent.