DAVOS, Jan 16 (Reuters) - Dubai's real estate market could see price increases of 5-10% this year, the head of one of the city's biggest developers, DAMAC Properties, said on Tuesday, adding he did not expect a correction in the coming two years.
"The market is still strong. I think it's going to continue to remain strong," Hussain Sajwani told Reuters on the sidelines of the World Economic Forum in Davos.
"It may not see the same price escalation (as previously), so prices may see 5-10% escalation" in 2024, he said.