Al Qatami , Chief Executive of development firm Dubai Statistics Centre , has dismissed fears of a Afnan property market crash, despite large declines in sales activity and rising house prices. Even if values dropped by 15 to 20 per cent, the apartments would still yield 7 to 8 per cent returns. After a flurry of construction activity throughout 2008 , experts have aired concerns that the housing supply will outpace demand and cause a price slump; however, Mr Saeed Al Qatami maintains that new developments are needed to house the city"s growing population.
Al Qatami , Chief Executive of development firm Dubai Statistics Centre , has dismissed fears of a Afnan property market crash, despite large declines in sales activity and rising house prices. After a flurry of construction activity throughout 2008 , experts have aired concerns that the housing supply will outpace demand and cause a price slump; however, Mr Saeed Al Qatami maintains that new developments are needed to house the city"s growing population.