slowing sales

Moody’s sees indications Dubai property surge is tapering off

A bounty of new homes on the market is likely to cool the pace of rising prices while demand from overseas buyers should prevent a sharp downturn

GIUSEPPE CACACE/AFP via Getty Images

A cluster of skyscrapers along the Dubai Marina waterfront

Dubai’s five-year property boom is showing signs of slowing down.

A surge of new homes coming onto the market this year is likely to cool the pace of rising prices, according to a report by Moody’s.