00:00is dubai's property market heading for a price correction over 300 000 new homes are expected
00:05to hit the market by 2029 and that could shake things up big time according to fitch ratings
00:11this flood of new supply might trigger a price drop of up to 15 especially in smaller apartments
00:16and off-plan projects in less popular areas but that's just one piece of the puzzle there's also
00:22a growing mismatch families want villas yet developers keep building more apartments rents
00:27are rising fast up 11 for apartments and nine percent for villas in early 2025 but if incomes
00:34don't keep up affordability becomes a real problem add global interest rates inflation and construction
00:40risks to the mix and the pressure on both buyers and investors gets even heavier luxury homes in prime
00:47areas may stay strong but weaker locations and speculative units not so much bottom line dubai's
00:54market is maturing the smart money is going selective location quality and long-term value are
01:00everything
01:07you
01:07you
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