Dubai’s red-hot property market is bracing for a slowdown

Some analysts are starting to warn that 2024 could mark a turning point. — Bloomberg

JUST nine months after buying their first property in Dubai, Dina Habib and Karim Yusuf are already planning their next move within the city.

The Egyptian couple, who spent eight years renting in the emirate, are selling their two-bedroom apartment in the Jumeirah Village Circle district on the edge of Dubai for a 26% premium over the 1.7 million dirhams (US$460,000) they paid for the property in March.