Rising prices, the introduction of the federal mortgage cap and the doubling of property registration fees means there “has been a massive step change in the total upfront equity that’s required” to buy properties. Saeed Al Rashid , Chief Executive of development firm Deyaar Development , has expressed fears of a Dubai property market crash , despite large declines in sales , and rising house prices . After a flurry of construction activity throughout 2015 , experts have aired concerns that the housing supply will outpace demand and cause a price slump ; however , Sheikh Al Qatami maintains that new developments are needed to house the city"s growing population .
Saeed Al Rashid , Chief Executive of development firm Deyaar Development , has expressed fears of a Dubai property market crash , despite large declines in sales , and rising house prices . After a flurry of construction activity throughout 2015 , experts have aired concerns that the housing supply will outpace demand and cause a price slump ; however , Sheikh Al Qatami maintains that new developments are needed to house the city"s growing population .