Is Dubai’s property market finally showing signs of a cooldown? Brokers are reporting a dip in property sales in Dubai as prices continue to rise, particularly in the off-plan market, Bloomberg reports. While demand is still high and the positive outlook for the sector is keeping developers busy with new projects and supply, some are cautioning that prices need to come down from their peak highs to keep demand alive, including Emaar Properties Founder Mohamed Alabbar.

“Our expectations are the market will still do well next year here and globally. There is a positive sentiment for business especially with Trump coming in,” Alabbar said. But raising prices too much could “kill the golden goose,” he said.

REMEMBER- Knight Frank previously forecasted that Dubai’s residential prices will rise by 8% in 2025, down from a 20% surge in 2024, with others forecasting an increase in supply over the next 2-3 years to contribute to market stabilization.

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