Dubai property to maintain upward trend, say analysts

Experts predict that the housing market in Dubai will become flooded with apartments due to massive growth in the city's real estate sector.
Despite predictions of a crash in the market, it seems that demand in the mid-range will increase in-line with construction.
Foreign investment levels in Dubai are growing as the government provides tax incentives to promote market growth.
The growth in the construction market is exceeding population increases, but increasing numbers of tourists and expats are driving the demand for mid-range rental properties.
Industry analysts predict that this mid-range rental market will see the highest investment returns as occupancy levels remain consistently around the 75 to 85 per cent mark.
Simon Ryeland, the director of Principal International commented that there were more enquiries every week for Dubai, but prices seem to be staying under control.
This is probably due to the government's recent capping of rent rises at seven per cent, in a bid to make the city remain competitive.
Source