Industry analysts seem to be conflicted over the future trend of Dubai’s booming property market, with a great number simply predicting that the future remains uncertain.
A study by branding company Future Brands estimates that Dubai's housing supply will more than double by 2025 to 600,000 units, according to Gulf News.
However, continuing construction delays among major projects have made accurate predictions of next year's expected supply very difficult.
"We should be more cognisant of the time it takes to deliver here," said Elaine Jones, CEO of Dubai-based property management company Asteco.
"Asteco has done a number of projections of a certain number of units that will be completed between 2005 and 2010, but the reality is that the build-up plan is proving to be much longer than we had projected. Whereas I had anticipated an oversupply now, that is certainly not the case. There will be a time when there is an oversupply versus demand, but I think that if the bubble is going to burst, it's going to take much longer than we had originally anticipated," she added.
