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Dubai property market needs up to 20% extra

supply to control rising rents

Over the past few years, rents have been steadily increasing due to strong demand from
property buyers and tenants

by

Waheed Abbas

Published: Sun 29 Sep 2024, 5:09 PM

Last updated: Sun 29 Sep 2024, 9:43 PM
Dubai property market requires an additional 10-20 per cent supply to curb the rising rentals and
enhance affordability in the city, according to a senior industry executive.

“Dubai essentially needs extra 10-20 per cent more units than the current demand because the
rising rents are making it increasingly expensive… There is an undersupply, as new launches are
being sold out within a day," said Imran Farooq, CEO of Samana Developers.
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https://www.khaleejtimes.com/business/realty/dubai-property-market-needs-up-to-20-extra-
supply-to-control-rising-rents