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Morgan Stanley Sees Dubai Property Rally Lasting for Years

Dubai City Skyline in Dense Fog
Photographer: Christopher Pike/Bloomberg
Updated on

The rally in Dubai’s residential property prices isn’t stopping anytime soon, according to Morgan Stanley.

“Robust demand, peaking supply growth and long lead times for new projects could lead to a tighter-than-expected market over the next several years,” analysts Katherine Carpenter and Nida Iqbal wrote in a report.