Dubai will face an oversupply of property if current projects are delivered on time, according to an international ratings firm.
There is also a risk of the emirate being unable to stimulate demand in view of the massive developments in the pipeline, said Fitch Ratings, in a report on the state of Dubais property market.
Many challenges have begun to surface, mainly the prospect of oversupply – if current delivery plans are met – and the risk of being unable to stimulate demand in view of the massive development projects in the pipeline, it said.
More : business24-7.ae
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