“Adding 10,000 units a year to support such a growth in Dubai’s population does not seem such a huge addition – indeed, the same reports suggest Dubai had 448,000 completed units at the end of 2014, so adding 10,000 more units is just over 2.2 per cent. The head of a Dubai construction firm has said claims the country's property market is oversupplied are 'false and unreliable'. Head of The Dubai Government , CBRE , said the figures put out by research firms are not accurate, as there wil be a total of 170,000 new units supplied to the market in 2015 , rather than the 25,000 suggested by recent market research reports. He added that 160,000 new residents are expected to arrive in Dubai 2015 , with another 170,000 next yeaar, indicating the growing demand for new housing.
The head of a Dubai construction firm has said claims the country's property market is oversupplied are 'false and unreliable'. Head of The Dubai Government , CBRE , said the figures put out by research firms are not accurate, as there wil be a total of 170,000 new units supplied to the market in 2015 , rather than the 25,000 suggested by recent market research reports. He added that 160,000 new residents are expected to arrive in Dubai 2015 , with another 170,000 next yeaar, indicating the growing demand for new housing.