Dubai To Get Boost In Property Supply

Real estate supply in Dubai may catch up with demand as early as next year, but any dip prices is likely to be moderate, according to a new report by ratings agency Fitch. New homes coming on to the market will reach record highs in 2009-2010, the report says, adding that a glut of office space could also emerge in the same period. However, with government-related entities controlling an estimated 50% of Dubai's upcoming property stock, it is ulikely that these companies will flood the market.