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.