Hard to find properties below Dh1M in Dubai

There has been a rise in the number of listings of properties priced at Dh1.25 million, but the corresponding rise in deal activity has been at a faster rate.

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"In essence, sales are happening faster than the stock is being replenished," added Knight Frank. The agency consultancy analysed the change in the volume of home listings (supply), alongside the change in the number of home sales (demand), by price band as a way to get a 'heads-up' on any potential signs of a market imbalance.

Despite concerns around slowdown and or a big correction, Dubai’s real estate market continues to defy the projections and maintains its steady momentum for the past five years. Though some segments are said to be slowing, overall momentum and sentiment remain positive in the market.

However, the only exception are ultra-luxury properties of over Dh25 million where stocks are rising faster than the sales.