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 Qatami, Chief Executive of development firm Deyaar Development, has dismissed fears of a Dubai property market crash, despite large declines in sales activity 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, Mr Al Qatami maintains that new developments are needed to house the city"s growing population.