UAE: Dubai Property Supply-Demand Projected to Start Levelling Off In 2022
- Date: 06-Oct-2020
- Source: Al Bawaba
- Sector:Real Estate
- Country:uae-top-picks
UAE: Dubai Property Supply-Demand Projected to Start Levelling Off In 2022
Residential property supply in Dubai will remain strong this year and the next, but handovers will slow down from 2022 onwards as new project launches have dropped significantly in the last couple of years, say property developers.
Developers claim that around 40,000 units will be handed over in 2020 and the around the same number of deliveries will hit the Dubai residential market next year as well.
Farooq Syed, chief executive officer of Springfield Real Estate, sees supply levelling off in a year or two and then prices will start to shift upward.
"The market is coming down slightly year-on-year. In the last 2-3 years, we have not seen as many launches as we saw in 2016-17. In 2019, 2020 and even in 2021, we will see higher number of deliveries. In 2020,
Select Sector 
Select Country 
