Dubai house prices forecast to rise up to 15% in 2014

Dubais real estate market is forecast to be the worlds top performer in 2014, building on this years rapid price growth, according to a new report by Knight Frank.The property consultancys Prime Global Forecast predicted price growth of between 10-15 percent next year, ahead of Asian powerhouse markets such as Beijing and Shanghai.Sydney and Paris rounded out the top five markets for 2014 with predictions of up to 10 percent growth, the report showed.Knight Frank said although new regulations such as the recent mortgage cap were likely to slow growth in the final quarter of 2013, price rise growth would probably speed up again in early 2014.

via Dubai house prices forecast to rise up to 15% in 2014 – Property – ArabianBusiness.com.

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