Growth in Dubai property values starts to slow down – but only after a 10% jump in Q2-22

Property sellers can’t just stick a price tag and expect buyers to sign up – even when demand is running the way it is in Dubai.

“We are noting a handful of instances where buyers are challenging vendors on pricing,” said Andrew Cummings, Partner – Head of Prime Residential at Knight Frank. “This isn’t necessarily surprising given the magnitude of price increases in the market over the last two years.

“Still, we are only two-years into the current market cycle – previous cycles have lasted for almost 10 years – and a slowing in the rate of increases will help to sustain the market both from a demand and transactional perspective. It’s also a sign that our market is starting to mature and is in a very different place to previous cycles.”